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After Yesterday's Rally of 1.21% Shares Could Potentially Pullback

By James Quinn

Caesars Entertai (NASDAQ:CZR) traded in a range yesterday that spanned from a low of $12.30 to a high of $12.75. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $12.45 on volume of 4.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Caesars Entertai share prices have moved between a 52-week high of $14.50 and a 52-week low of $5.39 and are now trading 132% above that low price at $12.50 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Caesars Entertai and will alert subscribers who have CZR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders caesars entertai

Ticker(s): CZR