• Return to Headlines

After Yesterday's Rally of 2.16% Shares Could Potentially Pullback

By Nick Russo

Madison Square-A (NYSE:MSG) traded in a range yesterday that spanned from a low of $199.72 to a high of $204.45. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $202.05 on volume of 182,000 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 Madison Square-A have traded between a low of $160.96 and a high of $206.60 and are now at $203.97, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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.

Keywords: rebounders madison square-a

Ticker(s): MSG