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After Yesterday's Rally of 1.16% Shares Could Potentially Pullback

By Shiri Gupta

Macerich (NYSE:MAC) traded in a range yesterday that spanned from a low of $67.30 to a high of $68.21. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $68.00 on volume of 123,000 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 Macerich and will alert subscribers who have MAC in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Macerich has traded in a range of $65.79 to $94.51 and is now at $67.98, 3% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders macerich

Ticker(s): MAC