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After Yesterday's Decline of 3.14%, Old Dominion Frt Offers Investors Better Value

By David Diaz

Old Dominion Frt (NASDAQ:ODFL) traded in a range yesterday that spanned from a low of $129.04 to a high of $134.21. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $134.48 on volume of 275,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Old Dominion Frt. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Old Dominion Frt in search of a potential trend change.

In the past 52 weeks, shares of Old Dominion Frt have traded between a low of $119.01 and a high of $340.82 and are now at $130.91, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 4.9%.

Keywords: rebounders old dominion frt

Ticker(s): ODFL