After Yesterday's Rally of 2.02% Shares Could Potentially Pullback
XL Capital (NYSE:XL) traded in a range yesterday that spanned from a low of $33.64 to a high of $34.47. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $34.18 on volume of 1.2 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, XL Capital has traded in a range of $5.40 to $40.48 and is now at $34.39, 537% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.
SmarTrend is tracking the current trend status for XL Capital and will alert subscribers who have XL in their portfolio or watchlist when shares have changed trend direction.
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