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Watch for Cinemark Holding to Potentially Rebound After Falling 1.35% Yesterday

By James Quinn

Cinemark Holding (NYSE:CNK) traded in a range yesterday that spanned from a low of $30.60 to a high of $31.06. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $30.89 on volume of 712,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Cinemark Holding share prices have been bracketed by a low of $30.59 and a high of $43.51 and are now at $30.75, 1% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 0.6% lower over the past week, respectively.

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

Keywords: rebounders cinemark holding

Ticker(s): CNK