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Kinder Morgan In Falls 15.35% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Kinder Morgan In (NYSE:KMI) traded in a range yesterday that spanned from a low of $9.90 to a high of $11.87. Yesterday, the shares fell 15.3%, which took the trading range below the 3-day low of $12.50 on volume of 16.9 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 Kinder Morgan In and will alert subscribers who have KMI in their portfolio or watchlist when shares have changed trend direction.

Kinder Morgan In share prices have moved between a 52-week high of $22.58 and the current low of $9.90 and are currently at $10.73 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.2%.

Keywords: rebounders kinder morgan in

Ticker(s): KMI