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Look for Shares of Six Flags Entert to Potentially Pullback after Yesterday's 2.05% Rise

By Shiri Gupta

Six Flags Entert (NYSE:SIX) traded in a range yesterday that spanned from a low of $49.30 to a high of $50.87. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $49.77 on volume of 332,000 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 Six Flags Entert and will alert subscribers who have SIX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Six Flags Entert share prices have been bracketed by a low of $46.68 and a high of $69.45 and are now at $50.47, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders six flags entert

Ticker(s): SIX