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After Yesterday's Rally of 25.15% Shares Could Potentially Pullback

By Shiri Gupta

Entercom Comm-A (NYSE:ETM) traded in a range yesterday that spanned from a low of $4.00 to a high of $4.33. Yesterday, the shares gained 25.2%, which took the trading range above the 3-day high of $3.79 on volume of 1.7 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 Entercom Comm-A have traded between a low of $2.94 and a high of $8.04 and are now at $4.13, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Entercom Comm-A and will alert subscribers who have ETM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders entercom comm-a

Ticker(s): ETM