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After Yesterday's Rally of 12.25% Shares Could Potentially Pullback

By James Quinn

Intelsat Sa (NYSE:I) traded in a range yesterday that spanned from a low of $8.27 to a high of $9.70. Yesterday, the shares gained 12.2%, which took the trading range above the 3-day high of $8.55 on volume of 8.2 million 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 monitoring the recent change of momentum in Intelsat Sa. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intelsat Sa in search of a potential trend change.

Intelsat Sa share prices have moved between a 52-week high of $9.49 and a 52-week low of $2.12 and are now trading 342% above that low price at $9.36 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.8% while the 200-day MA has slid 1.7%.

Keywords: rebounders intelsat sa

Ticker(s): I