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After Yesterday's Rally of 1.04% Shares Could Potentially Pullback

By James Quinn

SCANA (NYSE:SCG) traded in a range yesterday that spanned from a low of $65.47 to a high of $66.14. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $65.80 on volume of 173,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SCANA share prices have moved between a 52-week high of $76.41 and a 52-week low of $49.89 and are now trading 32% above that low price at $66.04 per share. The 200-day and 50-day moving averages have moved 0.55% higher and 0.48% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of SCANA on March 10th, 2017 by issuing a Downtrend alert when the shares were trading at $67.67. Since that call, shares of SCANA have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders scana

Ticker(s): SCG