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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By Shiri Gupta

Autoliv (NYSE:ALV) traded in a range yesterday that spanned from a low of $108.51 to a high of $109.80. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $108.82 on volume of 244,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Autoliv has traded in a range of $93.31 to $132.19 and is now at $109.36, 17% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Autoliv on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.60. Since that recommendation, shares of Autoliv have risen 4.2%. We continue to monitor ALV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders autoliv

Ticker(s): ALV