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.
Over the past year, Sanofi-Aventis has traded in a range of $36.81 to $54.98 and is now at $40.20, 9% above that low. The 200-day and 50-day moving averages have moved 0.57% lower and 0.30% higher over the past week, respectively.
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