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Watch for Vail Resorts to Potentially Rebound After Falling 14.69% Yesterday

By Amy Schwartz

Vail Resorts (NYSE:MTN) traded in a range yesterday that spanned from a low of $231.56 to a high of $258.76. Yesterday, the shares fell 14.7%, which took the trading range below the 3-day low of $263.55 on volume of 374,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Vail Resorts share prices have been bracketed by a low of $200.68 and a high of $302.76 and are now at $231.85, 16% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of Vail Resorts on October 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $249.48. Since that recommendation, shares of Vail Resorts have risen 8.9%. We continue to monitor MTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vail resorts

Ticker(s): MTN