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

By Nick Russo

Tribune Media -A (NYSE:TRCO) traded in a range yesterday that spanned from a low of $36.58 to a high of $37.22. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $36.80 on volume of 761,000 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 Tribune Media -A on February 28th, 2018 by issuing a Downtrend alert when the shares were trading at $41.73. Since that call, shares of Tribune Media -A have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Tribune Media -A share prices have been bracketed by a low of $34.81 and a high of $43.71 and are now at $37.21, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Keywords: rebounders tribune media -a

Ticker(s): TRCO