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After Yesterday's Rally of 1.25% Shares Could Potentially Pullback

By Shiri Gupta

Kinder Morgan In (NYSE:KMI) traded in a range yesterday that spanned from a low of $17.60 to a high of $17.86. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $17.66 on volume of 6.3 million 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, Kinder Morgan In share prices have been bracketed by a low of $14.69 and a high of $21.25 and are now at $17.77, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Kinder Morgan In on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.22. Since that recommendation, shares of Kinder Morgan In have risen 8.2%. We continue to monitor KMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders kinder morgan in

Ticker(s): KMI