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

By James Quinn

Vodafone Group (NYSE:VOD) traded in a range yesterday that spanned from a low of $27.79 to a high of $28.05. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $27.89 on volume of 2.6 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, shares of Vodafone Group have traded between a low of $27.55 and a high of $39.46 and are now at $27.97, which is 2% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 0.56% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Vodafone Group on September 14th, 2016 by issuing a Downtrend alert when the shares were trading at $29.42. Since that call, shares of Vodafone Group have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders vodafone group

Ticker(s): VOD