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After Yesterday's Rally of 1.07% Shares Could Potentially Pullback

By Nick Russo

Kansas City Sout (NYSE:KSU) traded in a range yesterday that spanned from a low of $103.35 to a high of $104.79. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $103.88 on volume of 221,000 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, Kansas City Sout has traded in a range of $97.46 to $120.34 and is now at $104.23, 7% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kansas City Sout on September 28th, 2018 by issuing a Downtrend alert when the shares were trading at $113.75. Since that call, shares of Kansas City Sout have fallen 8.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kansas city sout

Ticker(s): KSU