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

By David Diaz

Federated Inv-B (NYSE:FII) traded in a range yesterday that spanned from a low of $25.77 to a high of $26.67. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $25.99 on volume of 188,000 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, Federated Inv-B share prices have been bracketed by a low of $22.06 and a high of $36.76 and are now at $26.42, 20% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Federated Inv-B and will alert subscribers who have FII in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders federated inv-b

Ticker(s): FII