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After Yesterday's Rally of 1.35% Shares Could Potentially Pullback

By Amy Schwartz

Franklin Res Inc (NYSE:BEN) traded in a range yesterday that spanned from a low of $32.59 to a high of $32.94. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $32.89 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Franklin Res Inc share prices have moved between a 52-week high of $40.54 and a 52-week low of $27.34 and are now trading 20% above that low price at $32.94 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Franklin Res Inc and will alert subscribers who have BEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders franklin res inc

Ticker(s): BEN