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SmarTrend Watching for Potential Pullback in Shares of Mondelez Inter-A After 2.14% Gain

By Shiri Gupta

Mondelez Inter-A (NASDAQ:MDLZ) traded in a range yesterday that spanned from a low of $52.54 to a high of $52.94. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $52.03 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Mondelez Inter-A have traded between a low of $37.42 and a high of $52.79 and are now at $52.79, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Mondelez Inter-A and will alert subscribers who have MDLZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders mondelez inter-a

Ticker(s): MDLZ