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SmarTrend Watching for Potential Rebound in Shares of Twenty-First C-A After 2.52% Loss

By Amy Schwartz

Twenty-First C-A (NASDAQ:FOXA) traded in a range yesterday that spanned from a low of $24.74 to a high of $25.38. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $24.98 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Twenty-First C-A has traded in a range of $19.81 to $39.53 and is now at $24.67, 25% above that low. The 200-day and 50-day moving averages have moved 0.75% lower and 4.02% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Twenty-First C-A and will alert subscribers who have FOXA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders twenty-first c-a

Ticker(s): FOXA