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Look for Shares of Intelsat Sa to Potentially Pullback after Yesterday's 3.04% Rise

By Nick Russo

Intelsat Sa (NYSE:I) traded in a range yesterday that spanned from a low of $6.25 to a high of $6.53. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $6.44 on volume of 1.7 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.

Intelsat Sa share prices have moved between a 52-week high of $27.05 and a 52-week low of $5.55 and are now trading 16% above that low price at $6.43 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 4.9%.

Keywords: rebounders intelsat sa

Ticker(s): I