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Greenhill & Co Set to Possibly Pullback After Yesterday's Rally of 7.85%

By David Diaz

Greenhill & Co (NYSE:GHL) traded in a range yesterday that spanned from a low of $24.45 to a high of $26.05. Yesterday, the shares gained 7.8%, which took the trading range above the 3-day high of $24.54 on volume of 194,000 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 Greenhill & Co and will alert subscribers who have GHL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Greenhill & Co have traded between a low of $16.25 and a high of $33.45 and are now at $25.42, which is 56% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.2%.

Keywords: rebounders Greenhill & Co

Ticker(s): GHL