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Wendy'S Co/The Falls 2.96% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Wendy'S Co/The (NASDAQ:WEN) traded in a range yesterday that spanned from a low of $17.49 to a high of $18.08. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $17.62 on volume of 4.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Wendy'S Co/The share prices have been bracketed by a low of $13.57 and a high of $18.68 and are now at $17.55, 29% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 0.27% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Wendy'S Co/The and will alert subscribers who have WEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders wendy's co/the

Ticker(s): WEN