• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Sun Communities After 4.63% Loss

By Shiri Gupta

Sun Communities (NYSE:SUI) traded in a range yesterday that spanned from a low of $121.40 to a high of $126.46. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $123.79 on volume of 119,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Sun Communities share prices have been bracketed by a low of $95.34 and a high of $173.98 and are now at $121.58, 28% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 2.3% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Sun Communities and will alert subscribers who have SUI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sun communities

Ticker(s): SUI