• Return to Headlines

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

By David Diaz

Madison Square-A (NYSE:MSG) traded in a range yesterday that spanned from a low of $208.75 to a high of $214.32. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $212.86 on volume of 231,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Madison Square-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Madison Square-A in search of a potential trend change.

Over the past year, Madison Square-A has traded in a range of $160.96 to $231.44 and is now at $214.17, 33% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders madison square-a

Ticker(s): MSG