After Yesterday's Rally of 1.51% Shares Could Potentially Pullback
Sanofi-Aventis (NYSE:SNY) traded in a range yesterday that spanned from a low of $40.11 to a high of $40.33. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $40.29 on volume of 597,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend is monitoring the recent change of momentum in Sanofi-Aventis. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sanofi-Aventis in search of a potential trend change.
In the past 52 weeks, Sanofi-Aventis share prices have been bracketed by a low of $36.81 and a high of $54.98 and are now at $40.20, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.6%.
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