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Intelsat Sa Rises 12.26% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Intelsat Sa (NYSE:I) traded in a range yesterday that spanned from a low of $3.12 to a high of $3.85. Yesterday, the shares gained 12.3%, which took the trading range above the 3-day high of $3.43 on volume of 9.0 million 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 Intelsat Sa and will alert subscribers who have I in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Intelsat Sa share prices have been bracketed by a low of $2.61 and a high of $27.05 and are now at $3.48, 33% above that low price. The 200-day and 50-day moving averages have moved 2.42% lower and 4.98% lower over the past week, respectively.

Keywords: rebounders intelsat sa

Ticker(s): I