After Yesterday's Rally of 1.12% Shares Could Potentially Pullback
Anheuser-Busch InBev (NYSE:BUD) traded in a range yesterday that spanned from a low of $126.18 to a high of $127.44. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $125.37 on volume of 854,000 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 tracking the current trend status for Anheuser-Busch InBev and will alert subscribers who have BUD in their portfolio or watchlist when shares have changed trend direction.
Anheuser-Busch InBev share prices have moved between a 52-week high of $132.91 and a 52-week low of $102.52 and are now trading 23% above that low price at $126.34 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
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