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After Yesterday's Rally of 1.00% Shares Could Potentially Pullback

By Shiri Gupta

DIAMONDS Trust Series I (AMEX:DIA) traded in a range yesterday that spanned from a low of $207.03 to a high of $207.54. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $206.21 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of DIAMONDS Trust Series I have traded between a low of $150.56 and a high of $211.59 and are now at $207.23, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of DIAMONDS Trust Series I on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $187.59. Since that recommendation, shares of DIAMONDS Trust Series I have risen 9.4%. We continue to monitor DIA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amex:dia diamonds trust series i

Ticker(s): DIA