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Bank Ny Mellon Rises 1.46% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Bank Ny Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $52.87 to a high of $53.37. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $52.92 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Bank Ny Mellon and will alert subscribers who have BK in their portfolio or watchlist when shares have changed trend direction.

Bank Ny Mellon share prices have moved between a 52-week high of $58.22 and a 52-week low of $43.67 and are now trading 22% above that low price at $53.37 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders bank ny mellon

Ticker(s): BK