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Discover Financi Rises 1.53% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Discover Financi (NYSE:DFS) traded in a range yesterday that spanned from a low of $76.32 to a high of $76.97. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $76.52 on volume of 458,000 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, Discover Financi share prices have been bracketed by a low of $54.36 and a high of $80.36 and are now at $76.97, 42% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Discover Financi and will alert subscribers who have DFS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders discover financi

Ticker(s): DFS