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After Yesterday's Rally of 1.47% Shares Could Potentially Pullback

By Amy Schwartz

Discover Financi (NYSE:DFS) traded in a range yesterday that spanned from a low of $72.30 to a high of $73.34. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $72.80 on volume of 704,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Discover Financi on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $75.10. Since that call, shares of Discover Financi have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Discover Financi have traded between a low of $50.32 and a high of $81.93 and are now at $73.02, which is 45% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 1.39% higher over the past week, respectively.

Keywords: rebounders discover financi

Ticker(s): DFS