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Discover Financi Set to Possibly Pullback After Yesterday's Rally of 1.06%

By Nick Russo

Discover Financi (NYSE:DFS) traded in a range yesterday that spanned from a low of $72.61 to a high of $73.11. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $72.54 on volume of 732,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Discover Financi on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.46. Since that recommendation, shares of Discover Financi have risen 19.6%. We continue to monitor DFS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Discover Financi share prices have moved between a 52-week high of $80.36 and a 52-week low of $54.36 and are now trading 34% above that low price at $73.11 per share. The 200-day and 50-day moving averages have moved 0.15% lower and 1.57% higher over the past week, respectively.

Keywords: rebounders discover financi

Ticker(s): DFS