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After Yesterday's Rally of 5.06% Shares Could Potentially Pullback

By David Diaz

Vector Group Ltd (NYSE:VGR) traded in a range yesterday that spanned from a low of $14.18 to a high of $14.42. Yesterday, the shares gained 5.1%, which took the trading range above the 3-day high of $13.91 on volume of 162,000 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, Vector Group Ltd share prices have been bracketed by a low of $9.05 and a high of $14.50 and are now at $14.32, 58% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Vector Group Ltd and will alert subscribers who have VGR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders vector group ltd

Ticker(s): VGR