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After Yesterday's Decline of 7.80%, Ascena Retail Gr Offers Investors Better Value

By Nick Russo

Ascena Retail Gr (NASDAQ:ASNA) traded in a range yesterday that spanned from a low of $2.66 to a high of $2.87. Yesterday, the shares fell 7.8%, which took the trading range below the 3-day low of $3.89 on volume of 174,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Ascena Retail Gr have traded between a low of $0.01 and a high of $8.79 and are now at $2.95, which is 29,400% above that low price. The 200-day and 50-day moving averages have moved 1.46% higher and 1.50% higher over the past week, respectively.

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

Keywords: rebounders ascena retail gr

Ticker(s): ASNA