After Yesterday's Rally of 2.37% Shares Could Potentially Pullback
Anheuser-Busch InBev (NYSE:BUD) traded in a range yesterday that spanned from a low of $127.12 to a high of $128.83. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $125.66 on volume of 1.4 million 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 Anheuser-Busch InBev have traded between a low of $102.52 and a high of $132.91 and are now at $127.15, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend is monitoring the recent change of momentum in Anheuser-Busch InBev. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Anheuser-Busch InBev in search of a potential trend change.
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