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Watch for Hannon Armstrong to Potentially Rebound After Falling 2.03% Yesterday

By James Quinn

Hannon Armstrong (NYSE:HASI) traded in a range yesterday that spanned from a low of $28.80 to a high of $29.16. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $29.01 on volume of 62,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Hannon Armstrong has traded in a range of $18.83 to $31.22 and is now at $28.90, 53% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

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

Keywords: rebounders hannon armstrong

Ticker(s): HASI