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After Yesterday's Rally of 2.00% Shares Could Potentially Pullback

By Shiri Gupta

Ally Financial I (NYSE:ALLY) traded in a range yesterday that spanned from a low of $26.56 to a high of $27.24. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $26.82 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ally Financial I share prices have moved between a 52-week high of $31.29 and a 52-week low of $22.21 and are now trading 22% above that low price at $27.05 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Ally Financial I and will alert subscribers who have ALLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ally financial i

Ticker(s): ALLY