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After Yesterday's Rally of 1.23% Shares Could Potentially Pullback

By James Quinn

Philips Electronic (NYSE:PHG) traded in a range yesterday that spanned from a low of $31.09 to a high of $31.33. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $30.98 on volume of 801,000 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 Philips Electronic and will alert subscribers who have PHG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Philips Electronic have traded between a low of $23.00 and a high of $31.28 and are now at $31.24, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders philips electronic

Ticker(s): PHG