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Look for Shares of Cullen/Frost to Potentially Pullback after Yesterday's 1.63% Rise

By David Diaz

Cullen/Frost (NYSE:CFR) traded in a range yesterday that spanned from a low of $84.43 to a high of $85.83. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $85.19 on volume of 206,000 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 Cullen/Frost and will alert subscribers who have CFR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Cullen/Frost share prices have been bracketed by a low of $79.86 and a high of $107.23 and are now at $85.40, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

Keywords: rebounders cullen/frost

Ticker(s): CFR