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SmarTrend Watching for Potential Rebound in Shares of Burlington Store After 6.49% Loss

By James Quinn

Burlington Store (NYSE:BURL) traded in a range yesterday that spanned from a low of $162.99 to a high of $170.24. Yesterday, the shares fell 6.5%, which took the trading range below the 3-day low of $163.72 on volume of 690,000 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 Burlington Store and will alert subscribers who have BURL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Burlington Store share prices have been bracketed by a low of $105.67 and a high of $250.89 and are now at $165.41, 57% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.1%.

Keywords: rebounders burlington store

Ticker(s): BURL