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Watch for Macerich Co to Potentially Rebound After Falling 5.23% Yesterday

By Nick Russo

Macerich Co (NYSE:MAC) traded in a range yesterday that spanned from a low of $40.73 to a high of $42.87. Yesterday, the shares fell 5.2%, which took the trading range below the 3-day low of $42.87 on volume of 957,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Macerich Co share prices have been bracketed by a current low of $40.73 and a high of $60.95 and are now at $40.73. The 200-day and 50-day moving averages have moved 0.41% lower and 0.39% lower over the past week, respectively.

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

Keywords: rebounders macerich co

Ticker(s): MAC