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Watch for American Airline to Potentially Rebound After Falling 6.94% Yesterday

By Nick Russo

American Airline (NASDAQ:AAL) traded in a range yesterday that spanned from a low of $9.05 to a high of $9.53. Yesterday, the shares fell 6.9%, which took the trading range below the 3-day low of $9.59 on volume of 42.5 million 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 American Airline and will alert subscribers who have AAL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, American Airline share prices have been bracketed by a current low of $9.05 and a high of $34.99 and are now at $8.94. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 4.4%.

Keywords: rebounders american airline

Ticker(s): AAL