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SmarTrend Watching for Potential Pullback in Shares of Intelsat Sa After 3.98% Gain

By James Quinn

Intelsat Sa (NYSE:I) traded in a range yesterday that spanned from a low of $20.95 to a high of $23.11. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $22.15 on volume of 985,000 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 Intelsat Sa. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intelsat Sa in search of a potential trend change.

Intelsat Sa share prices have moved between a 52-week high of $37.70 and a 52-week low of $14.81 and are now trading 55% above that low price at $22.97 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.2%.

Keywords: rebounders intelsat sa

Ticker(s): I