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Zebra Tech Corp Falls 1.06% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Zebra Tech Corp (NASDAQ:ZBRA) traded in a range yesterday that spanned from a low of $196.94 to a high of $201.70. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $197.36 on volume of 115,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Zebra Tech Corp share prices have been bracketed by a low of $130.79 and a high of $236.45 and are now at $198.25, 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Zebra Tech Corp and will alert subscribers who have ZBRA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders zebra tech corp

Ticker(s): ZBRA