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Century Communit Set to Possibly Pullback After Yesterday's Rally of 3.96%

By Shiri Gupta

Century Communit (NYSE:CCS) traded in a range yesterday that spanned from a low of $29.52 to a high of $30.18. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $29.05 on volume of 335,000 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, Century Communit share prices have been bracketed by a low of $16.35 and a high of $30.10 and are now at $30.10, 84% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Century Communit on August 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.81. Since that recommendation, shares of Century Communit have risen 4.4%. We continue to monitor CCS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders century communit

Ticker(s): CCS