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Look for Shares of Mondelez Inter-A to Potentially Pullback after Yesterday's 1.03% Rise

By Amy Schwartz

Mondelez Inter-A (NASDAQ:MDLZ) traded in a range yesterday that spanned from a low of $47.51 to a high of $47.84. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $47.50 on volume of 4.0 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 recommended that subscribers consider buying shares of Mondelez Inter-A on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.69. Since that recommendation, shares of Mondelez Inter-A have risen 13.6%. We continue to monitor MDLZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Mondelez Inter-A share prices have moved between a 52-week high of $48.46 and a 52-week low of $37.42 and are now trading 28% above that low price at $47.84 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

Keywords: rebounders mondelez inter-a

Ticker(s): MDLZ