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After Yesterday's Rally of 1.40% Shares Could Potentially Pullback

By Nick Russo

Pandora Media In (NYSE:P) traded in a range yesterday that spanned from a low of $9.01 to a high of $9.19. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $9.08 on volume of 3.4 million 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, Pandora Media In has traded in a range of $4.09 to $10.07 and is now at $9.09, 122% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Pandora Media In and will alert subscribers who have P in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders pandora media in

Ticker(s): P