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Watch for Mondelez Inter-A to Potentially Rebound After Falling 1.75% Yesterday

By David Diaz

Mondelez Inter-A (NASDAQ:MDLZ) traded in a range yesterday that spanned from a low of $53.66 to a high of $54.36. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $54.09 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Mondelez Inter-A share prices have been bracketed by a low of $37.42 and a high of $56.87 and are now at $53.78, 44% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 0.37% higher over the past week, respectively.

Keywords: rebounders mondelez inter-a

Ticker(s): MDLZ