Royal Dutch Shell Set to Possibly Rebound After Yesterday's Selloff of 1.48%

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Dec 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- Royal Dutch Shell (NYSE:RDS.A) traded in a range yesterday that spanned from a low of $68.50 to a high of $69.13. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $68.85 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

In the past 52 weeks, Royal Dutch Shell share prices have been bracketed by a low of $60.62 and a high of $74.52 and are now at $68.52, 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Royal Dutch Shell and will alert subscribers who have RDS.A in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com

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Copyright, Comtex News Network, Inc. 2012

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