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Northern Trust Rises 1.82% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Northern Trust (NASDAQ:NTRS) traded in a range yesterday that spanned from a low of $89.57 to a high of $91.72. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $91.19 on volume of 684,000 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 Northern Trust on August 15th, 2018 by issuing a Downtrend alert when the shares were trading at $107.83. Since that call, shares of Northern Trust have fallen 16.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Northern Trust share prices have moved between a 52-week high of $115.61 and a 52-week low of $87.98 and are now trading 4% above that low price at $91.64 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.

Keywords: rebounders Northern Trust

Ticker(s): NTRS