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Raymond James Set to Possibly Pullback After Yesterday's Rally of 2.15%

By Nick Russo

Raymond James (NYSE:RJF) traded in a range yesterday that spanned from a low of $94.25 to a high of $94.79. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $94.52 on volume of 319,000 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 subscribers consider buying shares of Raymond James on October 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.72. Since that recommendation, shares of Raymond James have risen 14.5%. We continue to monitor RJF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Raymond James share prices have moved between a 52-week high of $94.79 and a 52-week low of $72.94 and are now trading 31% above that low price at $95.30 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

Keywords: rebounders Raymond James

Ticker(s): RJF