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Watch for Skywest Inc to Potentially Rebound After Falling 3.32% Yesterday

By Amy Schwartz

Skywest Inc (NASDAQ:SKYW) traded in a range yesterday that spanned from a low of $51.04 to a high of $53.26. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $51.46 on volume of 57,000 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 Skywest Inc and will alert subscribers who have SKYW in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Skywest Inc has traded in a range of $46.99 to $65.80 and is now at $52.84, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

Keywords: rebounders skywest inc

Ticker(s): SKYW