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Watch for Express to Potentially Rebound After Falling 4.56% Yesterday

By James Quinn

Express (NYSE:EXPR) traded in a range yesterday that spanned from a low of $9.00 to a high of $9.40. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $9.27 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Express share prices have moved between a 52-week high of $21.57 and the current low of $9.00 and are currently at $9.03 per share. The 200-day and 50-day moving averages have moved 0.08% lower and 0.33% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Express on December 1st, 2016 by issuing a Downtrend alert when the shares were trading at $11.05. Since that call, shares of Express have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders express

Ticker(s): EXPR