• Return to Headlines

After Yesterday's Rally of 1.56% Shares Could Potentially Pullback

By Amy Schwartz

Mondelez Inter-A (NASDAQ:MDLZ) traded in a range yesterday that spanned from a low of $42.02 to a high of $42.80. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $42.31 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Mondelez Inter-A share prices have moved between a 52-week high of $47.23 and a 52-week low of $37.42 and are now trading 14% above that low price at $42.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Mondelez Inter-A on June 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.03. Since that recommendation, shares of Mondelez Inter-A have risen 5.2%. We continue to monitor MDLZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders mondelez inter-a

Ticker(s): MDLZ