After Yesterday's Rally of 1.89% Shares Could Potentially Pullback
EI Du Pont de Nemours (NYSE:DD) traded in a range yesterday that spanned from a low of $64.51 to a high of $65.66. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $65.21 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of EI Du Pont de Nemours on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.96. Since that recommendation, shares of EI Du Pont de Nemours have risen 11.1%. We continue to monitor DD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, EI Du Pont de Nemours has traded in a range of $47.11 to $75.72 and is now at $65.49, 39% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.
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