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Supervalu Inc Rises 1.34% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Supervalu Inc (NYSE:SVU) traded in a range yesterday that spanned from a low of $32.42 to a high of $32.49. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $32.15 on volume of 3.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Supervalu Inc share prices have moved between a 52-week high of $32.49 and a 52-week low of $13.60 and are now trading 139% above that low price at $32.47 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 1.0%.

SmarTrend is tracking the current trend status for Supervalu Inc and will alert subscribers who have SVU in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders supervalu inc

Ticker(s): SVU