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Ameriprise Financial Rises 1.63% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Ameriprise Financial (NYSE:AMP) traded in a range yesterday that spanned from a low of $130.48 to a high of $132.60. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $130.40 on volume of 312,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ameriprise Financial share prices have moved between a 52-week high of $135.20 and a 52-week low of $76.00 and are now trading 74% above that low price at $132.39 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend is monitoring the recent change of momentum in Ameriprise Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ameriprise Financial in search of a potential trend change.

Keywords: rebounders ameriprise financial

Ticker(s): AMP