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After Yesterday's Rally of 1.62% Shares Could Potentially Pullback

By James Quinn

Pilgrim'S Pride (:PPC) traded in a range yesterday that spanned from a low of $31.82 to a high of $32.34. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $31.83 on volume of 108,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Pilgrim'S Pride share prices have moved between a 52-week high of $33.11 and a 52-week low of $14.83 and are now trading 113% above that low price at $31.61 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Pilgrim'S Pride and will alert subscribers who have PPC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :ppc pilgrim's pride

Ticker(s): PPC