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After Yesterday's Rally of 2.26% Shares Could Potentially Pullback

By Amy Schwartz

Ameriprise Financial (NYSE:AMP) traded in a range yesterday that spanned from a low of $124.72 to a high of $128.28. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $127.18 on volume of 405,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ameriprise Financial share prices have moved between a 52-week high of $135.20 and a 52-week low of $76.00 and are now trading 68% above that low price at $127.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.6%.

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

Keywords: rebounders ameriprise financial

Ticker(s): AMP