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Look for Shares of Comerica Inc to Potentially Rebound after Yesterday's 1.55% Sell Off

By Nick Russo

Comerica Inc (NYSE:CMA) traded in a range yesterday that spanned from a low of $67.25 to a high of $68.15. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $67.97 on volume of 593,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Comerica Inc share prices have moved between a 52-week high of $88.96 and a 52-week low of $58.54 and are now trading 15% above that low price at $67.49 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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

Keywords: rebounders comerica inc

Ticker(s): CMA