After Yesterday's Rally of 2.73% Shares Could Potentially Pullback
Barclays (NYSE:BCS) traded in a range yesterday that spanned from a low of $8.85 to a high of $8.95. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $8.76 on volume of 3.2 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 Barclays have traded between a low of $6.76 and a high of $18.05 and are now at $8.90, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.4%.
SmarTrend is tracking the current trend status for Barclays and will alert subscribers who have BCS in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders barclays