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Watch for Tripadvisor Inc to Potentially Rebound After Falling 2.57% Yesterday

By David Diaz

Tripadvisor Inc (NASDAQ:TRIP) traded in a range yesterday that spanned from a low of $45.38 to a high of $46.04. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $46.08 on volume of 506,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Tripadvisor Inc has traded in a range of $43.40 to $69.00 and is now at $45.55, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tripadvisor Inc on February 26th, 2019 by issuing a Downtrend alert when the shares were trading at $52.92. Since that call, shares of Tripadvisor Inc have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders tripadvisor inc

Ticker(s): TRIP