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After Yesterday's Rally of 2.04% Shares Could Potentially Pullback

By James Quinn

Astoria Financial (NYSE:AF) traded in a range yesterday that spanned from a low of $14.67 to a high of $15.08. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $14.86 on volume of 260,000 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, shares of Astoria Financial have traded between a low of $12.81 and a high of $18.13 and are now at $15.02, which is 17% above that low price. Over the past week, 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 Astoria Financial and will alert subscribers who have AF in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders astoria financial

Ticker(s): AF