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After Yesterday's Rally of 1.53% Shares Could Potentially Pullback

By Nick Russo

Discover Financial Services (NYSE:DFS) traded in a range yesterday that spanned from a low of $55.72 to a high of $57.33. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $56.46 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Discover Financial Services share prices have moved between a 52-week high of $60.57 and a 52-week low of $42.86 and are now trading 33% above that low price at $56.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Discover Financial Services and will alert subscribers who have DFS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders discover financial services

Ticker(s): DFS