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After Yesterday's Rally of 1.78% Shares Could Potentially Pullback

By Shiri Gupta

Taubman Centers (NYSE:TCO) traded in a range yesterday that spanned from a low of $71.93 to a high of $73.23. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $72.26 on volume of 188,000 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 tracking the current trend status for Taubman Centers and will alert subscribers who have TCO in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Taubman Centers have traded between a low of $63.32 and a high of $79.74 and are now at $73.00, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.30% higher over the past week, respectively.

Keywords: rebounders taubman centers

Ticker(s): TCO