After Yesterday's Rally of 2.92% Shares Could Potentially Pullback
Potash (NYSE:POT) traded in a range yesterday that spanned from a low of $16.36 to a high of $16.76. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $16.36 on volume of 5.5 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 Potash have traded between a low of $14.64 and a high of $33.52 and are now at $16.67, which is 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 1.2%.
SmarTrend is tracking the current trend status for Potash and will alert subscribers who have POT in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders Potash