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SmarTrend Watching for Potential Pullback in Shares of Dillards Inc-A After 2.22% Gain

By Amy Schwartz

Dillards Inc-A (NYSE:DDS) traded in a range yesterday that spanned from a low of $58.93 to a high of $61.49. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $60.57 on volume of 398,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Dillards Inc-A share prices have moved between a 52-week high of $77.70 and a 52-week low of $45.51 and are now trading 34% above that low price at $61.00 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.6%.

SmarTrend recommended that subscribers consider buying shares of Dillards Inc-A on May 30th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.68. Since that recommendation, shares of Dillards Inc-A have risen 14.6%. We continue to monitor DDS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders dillards inc-a

Ticker(s): DDS