Capital One Financial Set to Possibly Pullback After Yesterday's Rally of 1.73%
Capital One Financial (NYSE:COF) traded in a range yesterday that spanned from a low of $72.06 to a high of $73.31. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $72.77 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Capital One Financial share prices have moved between a 52-week high of $92.10 and a 52-week low of $58.03 and are now trading 26% above that low price at $73.07 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Capital One Financial on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.55. Since that recommendation, shares of Capital One Financial have risen 6.6%. We continue to monitor COF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders capital one financial