• Return to Headlines

After Yesterday's Rally of 3.63% Shares Could Potentially Pullback

By James Quinn

DSW (NYSE:DSW) traded in a range yesterday that spanned from a low of $19.71 to a high of $20.24. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $19.31 on volume of 3.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, DSW has traded in a range of $18.51 to $36.92 and is now at $19.99, 8% above that low. The 200-day and 50-day moving averages have moved 0.62% lower and 0.46% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of DSW on December 23rd, 2016 by issuing a Downtrend alert when the shares were trading at $23.12. Since that call, shares of DSW have fallen 16.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders

Ticker(s): DSW