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SmarTrend Watching for Potential Pullback in Shares of Ameriprise Financial After 1.63% Gain

By James Quinn

Ameriprise Financial (NYSE:AMP) traded in a range yesterday that spanned from a low of $130.48 to a high of $132.60. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $130.40 on volume of 312,000 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 monitoring the recent change of momentum in Ameriprise Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ameriprise Financial in search of a potential trend change.

In the past 52 weeks, shares of Ameriprise Financial have traded between a low of $76.00 and a high of $135.20 and are now at $132.39, which is 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

Keywords: rebounders ameriprise financial

Ticker(s): AMP