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Suncoke Energy I Set to Possibly Pullback After Yesterday's Rally of 1.77%

By Shiri Gupta

Suncoke Energy I (NYSE:SXC) traded in a range yesterday that spanned from a low of $4.98 to a high of $5.20. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $5.17 on volume of 223,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Suncoke Energy I share prices have moved between a 52-week high of $11.36 and a 52-week low of $4.56 and are now trading 14% above that low price at $5.18 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.2%.

SmarTrend is tracking the current trend status for Suncoke Energy I and will alert subscribers who have SXC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders suncoke energy i

Ticker(s): SXC