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

By Nick Russo

Dominion Resources (NYSE:D) traded in a range yesterday that spanned from a low of $77.53 to a high of $78.53. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $77.39 on volume of 963,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Dominion Resources has traded in a range of $64.54 to $79.36 and is now at $78.14, 21% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Dominion Resources and will alert subscribers who have D in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders dominion resources

Ticker(s): D