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Watch for Cardtronics Pl-A to Potentially Rebound After Falling 3.41% Yesterday

By Amy Schwartz

Cardtronics Pl-A (NASDAQ:CATM) traded in a range yesterday that spanned from a low of $39.03 to a high of $43.14. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $41.15 on volume of 489,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cardtronics Pl-A have traded between a low of $25.71 and a high of $47.41 and are now at $40.19, which is 56% 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 remained constant.

SmarTrend is monitoring the recent change of momentum in Cardtronics Pl-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cardtronics Pl-A in search of a potential trend change.

Keywords: rebounders cardtronics pl-a

Ticker(s): CATM