• Return to Headlines

Watch for Signet Jewelers to Potentially Rebound After Falling 7.82% Yesterday

By David Diaz

Signet Jewelers (NYSE:SIG) traded in a range yesterday that spanned from a low of $15.85 to a high of $16.20. Yesterday, the shares fell 7.8%, which took the trading range below the 3-day low of $16.01 on volume of 163,000 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 Signet Jewelers and will alert subscribers who have SIG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Signet Jewelers share prices have been bracketed by a low of $10.40 and a high of $54.04 and are now at $16.04, 54% above that low price. The 200-day and 50-day moving averages have moved 0.61% lower and 0.41% higher over the past week, respectively.

Keywords: rebounders signet jewelers

Ticker(s): SIG