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Watch for Ii-Vi Inc to Potentially Rebound After Falling 2.92% Yesterday

By Amy Schwartz

Ii-Vi Inc (NASDAQ:IIVI) traded in a range yesterday that spanned from a low of $33.55 to a high of $35.35. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $34.36 on volume of 507,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Ii-Vi Inc share prices have been bracketed by a low of $29.31 and a high of $53.08 and are now at $33.56, 15% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.1%.

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

Keywords: rebounders ii-vi inc

Ticker(s): IIVI