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US Airways Group Falls 1.86% on Heavy Volume: Watch For Potential Rebound
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
US Airways Group (NYSE:LCC) traded in a range yesterday that spanned from a low of $8.89 to a high of $9.25. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $8.60 on volume of 7.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of US Airways Group on January 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.39. Since that recommendation, shares of US Airways Group have risen 43.8%. We continue to monitor LCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
US Airways Group share prices have moved between a 52-week high of $10.35 and a 52-week low of $3.96 and are now trading 128% above that low price at $9.01 per share. The 200-day and 50-day moving averages have moved 0.05% higher and 4.33% higher over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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