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Look for Shares of ING Groep to Potentially Pullback after Yesterday's 1.03% Rise

By James Quinn

ING Groep (NYSE:ING) traded in a range yesterday that spanned from a low of $17.09 to a high of $17.24. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $17.13 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

ING Groep share prices have moved between a 52-week high of $17.50 and a 52-week low of $9.26 and are now trading 85% above that low price at $17.15 per share. The 200-day and 50-day moving averages have moved 0.78% lower and 0.28% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of ING Groep on August 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.41. Since that recommendation, shares of ING Groep have risen 48.8%. We continue to monitor ING for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ING Groep

Ticker(s): ING