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After Yesterday's Rally of 2.57% Shares Could Potentially Pullback

By Nick Russo

Dineequity Inc (NYSE:DIN) traded in a range yesterday that spanned from a low of $39.84 to a high of $41.23. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $40.79 on volume of 214,000 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, Dineequity Inc share prices have been bracketed by a low of $36.71 and a high of $88.00 and are now at $41.07, 12% above that low price. The 200-day and 50-day moving averages have moved 0.32% lower and 0.21% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dineequity Inc on May 5th, 2017 by issuing a Downtrend alert when the shares were trading at $52.46. Since that call, shares of Dineequity Inc have fallen 23.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders dineequity inc

Ticker(s): DIN