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After Yesterday's Rally of 4.94% Shares Could Potentially Pullback

By Amy Schwartz

Usg Corp (NYSE:USG) traded in a range yesterday that spanned from a low of $27.24 to a high of $28.13. Yesterday, the shares gained 4.9%, which took the trading range above the 3-day high of $26.88 on volume of 1.9 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, Usg Corp share prices have been bracketed by a low of $23.71 and a high of $34.67 and are now at $27.95, 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Usg Corp on April 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $31.61. Since that call, shares of Usg Corp have fallen 15.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders usg corp

Ticker(s): USG