• Return to Headlines

After Yesterday's Rally of 1.18% Shares Could Potentially Pullback

By Amy Schwartz

Aaron's (NYSE:AAN) traded in a range yesterday that spanned from a low of $29.73 to a high of $30.24. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $30.05 on volume of 149,000 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 its subscribers protect gains by selling shares of Aaron's on January 6th, 2017 by issuing a Downtrend alert when the shares were trading at $31.17. Since that call, shares of Aaron's have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Aaron's share prices have moved between a 52-week high of $40.80 and a 52-week low of $20.24 and are now trading 48% above that low price at $29.91 per share. The 200-day and 50-day moving averages have moved 0.77% lower and 1.24% higher over the past week, respectively.

Keywords: rebounders aaron's

Ticker(s): AAN