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After Yesterday's Rally of 1.61% Shares Could Potentially Pullback

By Shiri Gupta

Discover Financi (NYSE:DFS) traded in a range yesterday that spanned from a low of $74.97 to a high of $76.57. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $76.46 on volume of 775,000 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 Discover Financi. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Discover Financi in search of a potential trend change.

Over the past year, Discover Financi has traded in a range of $63.31 to $81.93 and is now at $76.24, 20% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders discover financi

Ticker(s): DFS