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SmarTrend Watching for Potential Rebound in Shares of Vail Resorts After 1.05% Loss

By James Quinn

Vail Resorts (NYSE:MTN) traded in a range yesterday that spanned from a low of $246.39 to a high of $252.74. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $249.10 on volume of 232,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Vail Resorts share prices have been bracketed by a low of $179.60 and a high of $255.37 and are now at $250.66, 40% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

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

Keywords: rebounders vail resorts

Ticker(s): MTN