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Watch for Tegna Inc to Potentially Rebound After Falling 4.25% Yesterday

By Amy Schwartz

Tegna Inc (NYSE:TGNA) traded in a range yesterday that spanned from a low of $14.56 to a high of $15.42. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $14.67 on volume of 537,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Tegna Inc has traded in a range of $10.24 to $16.58 and is now at $14.65, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Tegna Inc and will alert subscribers who have TGNA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders tegna inc

Ticker(s): TGNA