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After Yesterday's Rally of 1.52% Shares Could Potentially Pullback

By Amy Schwartz

Vodafone Group (NYSE:VOD) traded in a range yesterday that spanned from a low of $30.02 to a high of $30.39. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $29.99 on volume of 4.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Vodafone Group share prices have moved between a 52-week high of $39.46 and a 52-week low of $24.17 and are now trading 26% above that low price at $30.33 per share. The 200-day and 50-day moving averages have moved 0.27% lower and 0.56% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Vodafone Group on March 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.24. Since that recommendation, shares of Vodafone Group have risen 13.8%. We continue to monitor VOD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vodafone group

Ticker(s): VOD