• Return to Headlines

After Yesterday's Rally of 1.86% Shares Could Potentially Pullback

By Amy Schwartz

Aon Plc (NYSE:AON) traded in a range yesterday that spanned from a low of $133.85 to a high of $136.53. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $135.29 on volume of 379,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Aon Plc share prices have been bracketed by a low of $100.55 and a high of $152.78 and are now at $136.39, 36% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Aon Plc on October 27th, 2017 by issuing a Downtrend alert when the shares were trading at $146.45. Since that call, shares of Aon Plc have fallen 8.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders aon plc

Ticker(s): AON