After Yesterday's Rally of 1.67% Shares Could Potentially Pullback
Vodafone Group (NYSE:VOD) traded in a range yesterday that spanned from a low of $32.58 to a high of $32.94. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $32.71 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Vodafone Group share prices have moved between a 52-week high of $39.46 and a 52-week low of $28.83 and are now trading 14% above that low price at $32.91 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 0.10% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Vodafone Group on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.39. Since that recommendation, shares of Vodafone Group have risen 3.1%. We continue to monitor VOD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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