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Watch for Oxford Inds Inc to Potentially Rebound After Falling 4.48% Yesterday

By David Diaz

Oxford Inds Inc (NYSE:OXM) traded in a range yesterday that spanned from a low of $86.95 to a high of $91.20. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $89.68 on volume of 412,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Oxford Inds Inc on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.76. Since that recommendation, shares of Oxford Inds Inc have risen 17.5%. We continue to monitor OXM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Oxford Inds Inc has traded in a range of $57.36 to $93.47 and is now at $88.69, 55% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

Keywords: rebounders oxford inds inc

Ticker(s): OXM