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After Yesterday's Rally of 2.14% Shares Could Potentially Pullback

By Shiri Gupta

Goodyear Tire & Rubber (NYSE:GT) traded in a range yesterday that spanned from a low of $34.67 to a high of $35.34. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $34.84 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.

SmarTrend is monitoring the recent change of momentum in Goodyear Tire & Rubber. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Goodyear Tire & Rubber in search of a potential trend change.

In the past 52 weeks, Goodyear Tire & Rubber share prices have been bracketed by a low of $24.31 and a high of $37.20 and are now at $35.24, 45% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders goodyear tire & rubber

Ticker(s): GT