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Look for Shares of Baxter Intl Inc to Potentially Rebound after Yesterday's 6.01% Sell Off

By David Diaz

Baxter Intl Inc (NYSE:BAX) traded in a range yesterday that spanned from a low of $69.10 to a high of $77.14. Yesterday, the shares fell 6.0%, which took the trading range below the 3-day low of $71.28 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Baxter Intl Inc share prices have moved between a 52-week high of $95.00 and the current low of $69.10 and are currently at $75.25 per share. 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 Baxter Intl Inc and will alert subscribers who have BAX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders baxter intl inc

Ticker(s): BAX