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Watch for Unifi Inc to Potentially Rebound After Falling 23.14% Yesterday

By Amy Schwartz

Unifi Inc (NYSE:UFI) traded in a range yesterday that spanned from a low of $20.63 to a high of $23.54. Yesterday, the shares fell 23.1%, which took the trading range below the 3-day low of $25.30 on volume of 141,000 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 Unifi Inc and will alert subscribers who have UFI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Unifi Inc have traded between a low of $15.90 and a high of $27.85 and are now at $20.99, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.47% higher and 0.46% higher over the past week, respectively.

Keywords: rebounders unifi inc

Ticker(s): UFI