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SmarTrend Watching for Potential Pullback in Shares of Avon Products, Inc. After 14.22% Gain

By Shiri Gupta

Avon Products, Inc. (:AVP) traded in a range yesterday that spanned from a low of $4.69 to a high of $4.79. Yesterday, the shares gained 14.2%, which took the trading range above the 3-day high of $4.77 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Avon Products, Inc. has traded in a range of $1.30 to $4.88 and is now at $4.74, 265% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Avon Products, Inc. and will alert subscribers who have AVP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :avp Avon Products inc.

Ticker(s): AVP