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After Yesterday's Rally of 2.81% Shares Could Potentially Pullback

By Amy Schwartz

Swift Transporta (NYSE:SWFT) traded in a range yesterday that spanned from a low of $26.39 to a high of $27.22. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $27.17 on volume of 624,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Swift Transporta on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.53. Since that recommendation, shares of Swift Transporta have risen 8.4%. We continue to monitor SWFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Swift Transporta share prices have been bracketed by a low of $14.31 and a high of $27.67 and are now at $27.06, 89% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.8%.

Keywords: rebounders swift transporta

Ticker(s): SWFT