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AOL Falls 1.03% on Heavy Volume: Watch For Potential Rebound
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
AOL (NYSE:AOL) traded in a range yesterday that spanned from a low of $18.40 to a high of $18.84. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $18.10 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
AOL share prices have moved between a 52-week high of $22.47 and a 52-week low of $10.06 and are now trading 86% above that low price at $18.70 per share. The 200-day and 50-day moving averages have moved 0.18% lower and 1.72% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of AOL on October 24th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.84. Since that recommendation, shares of AOL have risen 24.8%. We continue to monitor AOL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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