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

By David Diaz

Domino's Pizza (NYSE:DPZ) traded in a range yesterday that spanned from a low of $150.67 to a high of $152.35. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $152.07 on volume of 199,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Domino's Pizza have traded between a low of $99.00 and a high of $152.35 and are now at $152.17, which is 54% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Domino's Pizza on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $127.96. Since that recommendation, shares of Domino's Pizza have risen 17.3%. We continue to monitor DPZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders domino's pizza

Ticker(s): DPZ