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SmarTrend Watching for Potential Pullback in Shares of Discover Financial Services After 1.16% Gain

By James Quinn

Discover Financial Services (NYSE:DFS) traded in a range yesterday that spanned from a low of $55.31 to a high of $55.73. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $55.09 on volume of 1.2 million 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 tracking the current trend status for Discover Financial Services and will alert subscribers who have DFS in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Discover Financial Services share prices have been bracketed by a low of $42.86 and a high of $60.57 and are now at $55.54, 30% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Keywords: rebounders discover financial services

Ticker(s): DFS