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After Yesterday's Rally of 1.69% Shares Could Potentially Pullback

By David Diaz

Vodafone Group (NYSE:VOD) traded in a range yesterday that spanned from a low of $28.15 to a high of $28.36. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $28.07 on volume of 2.5 million 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, Vodafone Group has traded in a range of $27.55 to $39.46 and is now at $28.28, 3% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 0.56% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Vodafone Group on September 14th, 2016 by issuing a Downtrend alert when the shares were trading at $29.42. Since that call, shares of Vodafone Group have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders vodafone group

Ticker(s): VOD