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Watch for Rockwell Collins to Potentially Rebound After Falling 1.93% Yesterday
Jan 18, 2013 (SmarTrend(R) News Watch via COMTEX) --
Rockwell Collins (NYSE:COL) traded in a range yesterday that spanned from a low of $58.61 to a high of $61.84. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $58.87 on volume of 3.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Over the past year, Rockwell Collins has traded in a range of $46.37 to $61.84 and is now at $59.03, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Rockwell Collins on July 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.06. Since that recommendation, shares of Rockwell Collins have risen 20.2%. We continue to monitor COL 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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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
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