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After Yesterday's Rally of 1.64% Shares Could Potentially Pullback

By Nick Russo

South Jersey Ind (NYSE:SJI) traded in a range yesterday that spanned from a low of $32.40 to a high of $32.93. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $32.54 on volume of 324,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, South Jersey Ind has traded in a range of $26.06 to $36.72 and is now at $32.92, 26% 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.

SmarTrend is tracking the current trend status for South Jersey Ind and will alert subscribers who have SJI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders south jersey ind

Ticker(s): SJI