Watch for YRC Worldwide to Rebound after Falling 9.05% Yesterday

source:mysmartrend.com
YRC Worldwide (NASDAQ:YRCW) traded in a range yesterday that spanned from a low of $0.19 to a high of $0.21. Yesterday, the shares fell 9.05%, which took the trading range below the 3-day low of $0.21 on volume of 23.5 million shares.

Shares of YRC Worldwide are currently trading below their 50-day moving average (MA) of $0.45 and below their 200-day MA of $1.37. Look for these MAs to provide resistance for a short-term rebound in the shares.