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After Yesterday's Rally of 3.72% Shares Could Potentially Pullback

By Shiri Gupta

T Rowe Price Grp (NASDAQ:TROW) traded in a range yesterday that spanned from a low of $119.37 to a high of $121.80. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $119.47 on volume of 892,000 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, T Rowe Price Grp has traded in a range of $62.97 to $121.80 and is now at $121.09, 92% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of T Rowe Price Grp on April 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.53. Since that recommendation, shares of T Rowe Price Grp have risen 5.0%. We continue to monitor TROW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders t rowe price grp

Ticker(s): TROW