[December 20, 2012] Mellanox Technologies Set to Possibly Rebound After Yesterday's Selloff of 7.55% Tweet Dec 20, 2012 (SmarTrend(R) News Watch via COMTEX) -- Mellanox Technologies (NASDAQ:MLNX) traded in a range yesterday that spanned from a low of $58.20 to a high of $62.10. Yesterday, the shares fell 7.6%, which took the trading range below the 3-day low of $61.50 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. SmarTrend recommended that its subscribers protect gains by selling shares of Mellanox Technologies on December 3rd, 2012 by issuing a Downtrend alert when the shares were trading at $70.43. Since that call, shares of Mellanox Technologies have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Mellanox Technologies share prices have moved between a 52-week high of $120.05 and a 52-week low of $24.51 and are now trading 139% above that low price at $58.61 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has declined 3.9%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]