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Look for Shares of Berry Global Gro to Potentially Pullback after Yesterday's 1.15% Rise

By Nick Russo

Berry Global Gro (NYSE:BERY) traded in a range yesterday that spanned from a low of $55.85 to a high of $56.52. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $56.11 on volume of 388,000 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, Berry Global Gro has traded in a range of $34.98 to $61.71 and is now at $56.23, 61% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 1.49% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Berry Global Gro on January 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $58.40. Since that call, shares of Berry Global Gro have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders berry global gro

Ticker(s): BERY