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Look for Shares of Banc Of Californ to Potentially Rebound after Yesterday's 2.22% Sell Off

By Amy Schwartz

Banc Of Californ (NYSE:BANC) traded in a range yesterday that spanned from a low of $14.75 to a high of $15.05. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $14.86 on volume of 58,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Banc Of Californ has traded in a range of $13.10 to $19.12 and is now at $15.34, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Banc Of Californ and will alert subscribers who have BANC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders banc of californ

Ticker(s): BANC