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Affil Managers Set to Possibly Pullback After Yesterday's Rally of 1.66%

By Amy Schwartz

Affil Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $85.15 to a high of $86.64. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $85.39 on volume of 76,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Affil Managers on October 28th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.52. Since that recommendation, shares of Affil Managers have risen 6.5%. We continue to monitor AMG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Affil Managers has traded in a range of $71.08 to $115.75 and is now at $86.49, 22% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.3%.

Keywords: rebounders affil managers

Ticker(s): AMG