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After Yesterday's Rally of 1.09% Shares Could Potentially Pullback

By James Quinn

Discover Financial Services (NYSE:DFS) traded in a range yesterday that spanned from a low of $67.47 to a high of $68.58. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $68.37 on volume of 680,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Discover Financial Services. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Discover Financial Services in search of a potential trend change.

Discover Financial Services share prices have moved between a 52-week high of $74.33 and a 52-week low of $42.86 and are now trading 60% above that low price at $68.41 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Keywords: rebounders discover financial services

Ticker(s): DFS