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After Yesterday's Rally of 1.58% Shares Could Potentially Pullback

By Nick Russo

Kansas City Southern (NYSE:KSU) traded in a range yesterday that spanned from a low of $89.88 to a high of $91.67. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $90.97 on volume of 697,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Kansas City Southern have traded between a low of $62.20 and a high of $104.74 and are now at $91.05, which is 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Kansas City Southern on September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $93.59. Since that call, shares of Kansas City Southern have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kansas city southern

Ticker(s): KSU