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After Yesterday's Rally of 1.14% Shares Could Potentially Pullback

By Shiri Gupta

AON (NYSE:AON) traded in a range yesterday that spanned from a low of $124.06 to a high of $125.73. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $124.70 on volume of 412,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of AON on November 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.93. Since that recommendation, shares of AON have risen 10.0%. We continue to monitor AON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of AON have traded between a low of $83.83 and a high of $125.71 and are now at $125.71, which is 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

Keywords: rebounders

Ticker(s): AON