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Look for Shares of Diamondback Ener to Potentially Rebound after Yesterday's 1.97% Sell Off

By David Diaz

Diamondback Ener (NASDAQ:FANG) traded in a range yesterday that spanned from a low of $40.11 to a high of $41.90. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $40.20 on volume of 882,000 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 Diamondback Ener and will alert subscribers who have FANG in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Diamondback Ener has traded in a range of $14.55 to $114.14 and is now at $40.21, 176% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 3.3%.

Keywords: rebounders diamondback ener

Ticker(s): FANG