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Entercom Comm-A Set to Possibly Pullback After Yesterday's Rally of 6.38%

By Amy Schwartz

Entercom Comm-A (NYSE:ETM) traded in a range yesterday that spanned from a low of $4.96 to a high of $5.17. Yesterday, the shares gained 6.4%, which took the trading range above the 3-day high of $4.85 on volume of 817,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Entercom Comm-A has traded in a range of $2.94 to $7.94 and is now at $5.08, 73% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for Entercom Comm-A and will alert subscribers who have ETM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders entercom comm-a

Ticker(s): ETM