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Look for Shares of Prudentl Finl to Potentially Pullback after Yesterday's 1.44% Rise

By Amy Schwartz

Prudentl Finl (NYSE:PRU) traded in a range yesterday that spanned from a low of $100.82 to a high of $102.99. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $101.73 on volume of 733,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Prudentl Finl on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $119.49. Since that call, shares of Prudentl Finl have fallen 15.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Prudentl Finl have traded between a low of $66.51 and a high of $127.14 and are now at $102.50, which is 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.3%.

Keywords: rebounders prudentl finl

Ticker(s): PRU