• Return to Headlines

After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By Amy Schwartz

Autoliv (NYSE:ALV) traded in a range yesterday that spanned from a low of $101.72 to a high of $102.98. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $102.39 on volume of 394,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Autoliv share prices have moved between a 52-week high of $132.19 and a 52-week low of $93.31 and are now trading 10% above that low price at $102.94 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Autoliv on February 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $106.51. Since that call, shares of Autoliv have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders autoliv

Ticker(s): ALV