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After Yesterday's Rally of 2.15% Shares Could Potentially Pullback

By Shiri Gupta

Comerica (NYSE:CMA) traded in a range yesterday that spanned from a low of $71.66 to a high of $73.16. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $71.53 on volume of 913,000 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 tracking the current trend status for Comerica and will alert subscribers who have CMA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Comerica have traded between a low of $30.48 and a high of $75.00 and are now at $72.54, which is 138% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 1.79% higher over the past week, respectively.

Keywords: rebounders Comerica

Ticker(s): CMA