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Watch for Gtt Communicatio to Potentially Rebound After Falling 7.76% Yesterday

By David Diaz

Gtt Communicatio (NYSE:GTT) traded in a range yesterday that spanned from a low of $33.40 to a high of $38.17. Yesterday, the shares fell 7.8%, which took the trading range below the 3-day low of $35.62 on volume of 634,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Gtt Communicatio have traded between a low of $31.45 and a high of $62.32 and are now at $35.08, which is 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

SmarTrend is monitoring the recent change of momentum in Gtt Communicatio. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gtt Communicatio in search of a potential trend change.

Keywords: rebounders gtt communicatio

Ticker(s): GTT