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Westar Energy Set to Possibly Rebound After Yesterday's Selloff of 8.33%

By David Diaz

Westar Energy (NYSE:WR) traded in a range yesterday that spanned from a low of $50.49 to a high of $51.52. Yesterday, the shares fell 8.3%, which took the trading range below the 3-day low of $53.77 on volume of 4.0 million 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 Westar Energy and will alert subscribers who have WR in their portfolio or watchlist when shares have changed trend direction.

Westar Energy share prices have moved between a 52-week high of $57.50 and a 52-week low of $33.88 and are now trading 49% above that low price at $50.58 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

Keywords: rebounders westar energy

Ticker(s): WR