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After Yesterday's Rally of 3.80% Shares Could Potentially Pullback

By James Quinn

Aetna Inc (NYSE:AET) traded in a range yesterday that spanned from a low of $184.98 to a high of $188.52. Yesterday, the shares gained 3.8%, which took the trading range above the 3-day high of $182.41 on volume of 2.7 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, Aetna Inc has traded in a range of $145.34 to $194.40 and is now at $187.44, 29% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Aetna Inc and will alert subscribers who have AET in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders aetna inc

Ticker(s): AET