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After Yesterday's Rally of 1.63% Shares Could Potentially Pullback

By David Diaz

T Rowe Price (NASDAQ:TROW) traded in a range yesterday that spanned from a low of $68.44 to a high of $69.57. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $68.58 on volume of 689,000 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 T Rowe Price. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of T Rowe Price in search of a potential trend change.

In the past 52 weeks, shares of T Rowe Price have traded between a low of $62.97 and a high of $82.50 and are now at $69.29, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 0.63% higher over the past week, respectively.

Keywords: rebounders t rowe price

Ticker(s): TROW