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After Yesterday's Rally of 2.50% Shares Could Potentially Pullback

By Shiri Gupta

BHP Billiton (NYSE:BHP) traded in a range yesterday that spanned from a low of $30.51 to a high of $31.00. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $30.79 on volume of 1.8 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 tracking the current trend status for BHP Billiton and will alert subscribers who have BHP in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of BHP Billiton have traded between a low of $18.46 and a high of $52.43 and are now at $30.83, which is 67% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.5%.

Keywords: rebounders BHP Billiton

Ticker(s): BHP