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SmarTrend Watching for Potential Rebound in Shares of Cinemark Holding After 1.40% Loss

By Nick Russo

Cinemark Holding (NYSE:CNK) traded in a range yesterday that spanned from a low of $30.66 to a high of $31.50. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $31.14 on volume of 348,000 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 Cinemark Holding and will alert subscribers who have CNK in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Cinemark Holding share prices have been bracketed by a low of $30.59 and a high of $43.51 and are now at $30.86, 1% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.6%.

Keywords: rebounders cinemark holding

Ticker(s): CNK