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After Yesterday's Rally of 1.32% Shares Could Potentially Pullback

By Nick Russo

Vail Resorts (NYSE:MTN) traded in a range yesterday that spanned from a low of $234.00 to a high of $237.14. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $234.78 on volume of 74,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Vail Resorts share prices have moved between a 52-week high of $237.77 and a 52-week low of $132.65 and are now trading 78% above that low price at $236.73 per share. Over the last five market days, the 200-day moving average (MA) has gone up 2.0% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Vail Resorts on March 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $225.71. Since that recommendation, shares of Vail Resorts have risen 3.5%. We continue to monitor MTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vail resorts

Ticker(s): MTN