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After Yesterday's Rally of 1.03% Shares Could Potentially Pullback

By Nick Russo

Dean Foods (NYSE:DF) traded in a range yesterday that spanned from a low of $18.40 to a high of $18.71. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $18.47 on volume of 621,000 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, Dean Foods share prices have been bracketed by a low of $14.56 and a high of $22.31 and are now at $18.65, 28% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 0.76% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dean Foods on January 19th, 2017 by issuing a Downtrend alert when the shares were trading at $19.98. Since that call, shares of Dean Foods have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Dean Foods

Ticker(s): DF