After Yesterday's Rally of 2.55% Shares Could Potentially Pullback
Windstream (NASDAQ:WIN) traded in a range yesterday that spanned from a low of $8.92 to a high of $9.28. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $9.27 on volume of 680,000 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, Windstream share prices have been bracketed by a low of $4.42 and a high of $50.82 and are now at $9.24, 109% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.5%.
SmarTrend is tracking the current trend status for Windstream and will alert subscribers who have WIN in their portfolio or watchlist when shares have changed trend direction.
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