After Yesterday's Rally of 7.65% Shares Could Potentially Pullback
Domino's Pizza (NYSE:DPZ) traded in a range yesterday that spanned from a low of $157.55 to a high of $163.73. Yesterday, the shares gained 7.7%, which took the trading range above the 3-day high of $153.86 on volume of 2.1 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, Domino's Pizza has traded in a range of $99.00 to $163.46 and is now at $163.12, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Domino's Pizza on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $127.96. Since that recommendation, shares of Domino's Pizza have risen 18.8%. We continue to monitor DPZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders domino's pizza