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

By David Diaz

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.

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.

Over the past year, Macerich Cohas traded in a range of $40.73 to $60.95 and are now at $40.73. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

Keywords: rebounders macerich co

Ticker(s): MAC