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Watch for Greenbrier Cos to Potentially Rebound After Falling 4.47% Yesterday

By Amy Schwartz

Greenbrier Cos (NYSE:GBX) traded in a range yesterday that spanned from a low of $31.83 to a high of $32.98. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $33.57 on volume of 250,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Greenbrier Cos share prices have moved between a 52-week high of $64.87 and a 52-week low of $31.12 and are now trading 3% above that low price at $32.07 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 1%.

SmarTrend is tracking the current trend status for Greenbrier Cos and will alert subscribers who have GBX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders greenbrier cos

Ticker(s): GBX