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Franklin Res Inc Rises 1.36% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Franklin Res Inc (NYSE:BEN) traded in a range yesterday that spanned from a low of $31.45 to a high of $31.91. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $31.69 on volume of 986,000 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, Franklin Res Inc share prices have been bracketed by a low of $29.95 and a high of $45.96 and are now at $31.77, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Franklin Res Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Franklin Res Inc in search of a potential trend change.

Keywords: rebounders franklin res inc

Ticker(s): BEN