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Coty Inc-Cl A Set to Possibly Rebound After Yesterday's Selloff of 2.01%

By Nick Russo

Coty Inc-Cl A (NYSE:COTY) traded in a range yesterday that spanned from a low of $5.22 to a high of $5.45. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $5.39 on volume of 3.8 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 Coty Inc-Cl A and will alert subscribers who have COTY in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Coty Inc-Cl A have traded between a low of $3.02 and a high of $14.03 and are now at $5.44, which is 80% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 5%.

Keywords: rebounders coty inc-cl a

Ticker(s): COTY