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M&T Bank Corp Set to Possibly Rebound After Yesterday's Selloff of 1.19%

By Nick Russo

M&T Bank Corp (NYSE:MTB) traded in a range yesterday that spanned from a low of $168.97 to a high of $170.00. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $170.29 on volume of 161,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

M&T Bank Corp share prices have moved between a 52-week high of $176.11 and a 52-week low of $141.50 and are now trading 19% above that low price at $168.78 per share. The 200-day and 50-day moving averages have moved 0.05% higher and 0.36% higher over the past week, respectively.

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

Keywords: rebounders m&t bank corp

Ticker(s): MTB