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Kinder Morgan In Set to Possibly Pullback After Yesterday's Rally of 2.12%

By Nick Russo

Kinder Morgan In (NYSE:KMI) traded in a range yesterday that spanned from a low of $15.29 to a high of $15.70. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $15.66 on volume of 5.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Kinder Morgan In share prices have moved between a 52-week high of $23.36 and a 52-week low of $14.69 and are now trading 6% above that low price at $15.62 per share. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Kinder Morgan In on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $17.95. Since that call, shares of Kinder Morgan In have fallen 14.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kinder morgan in

Ticker(s): KMI