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

By James Quinn

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.

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.

In the past 52 weeks, shares of Discover Financi have traded between a low of $54.36 and a high of $80.36 and are now at $76.97, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

Keywords: rebounders discover financi

Ticker(s): DFS