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Mid-America Apar Set to Possibly Rebound After Yesterday's Selloff of 2.61%

By David Diaz

Mid-America Apar (NYSE:MAA) traded in a range yesterday that spanned from a low of $109.10 to a high of $113.47. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $109.27 on volume of 206,000 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 Mid-America Apar and will alert subscribers who have MAA in their portfolio or watchlist when shares have changed trend direction.

Mid-America Apar share prices have moved between a 52-week high of $148.88 and a 52-week low of $82.00 and are now trading 34% above that low price at $110.06 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

Keywords: rebounders mid-america apar

Ticker(s): MAA