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After Yesterday's Decline of 1.51%, Archer-Daniels Offers Investors Better Value

By Shiri Gupta

Archer-Daniels (NYSE:ADM) traded in a range yesterday that spanned from a low of $34.77 to a high of $34.77. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $34.94 on volume of 1.1 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 Archer-Daniels and will alert subscribers who have ADM in their portfolio or watchlist when shares have changed trend direction.

Archer-Daniels share prices have moved between a 52-week high of $47.20 and a 52-week low of $28.92 and are now trading 19% above that low price at $34.55 per share. The 200-day and 50-day moving averages have moved 0.27% lower and 2.09% lower over the past week, respectively.

Keywords: rebounders archer-daniels

Ticker(s): ADM