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Syngenta Set to Possibly Pullback After Yesterday's Rally of 2.08%

By David Diaz

Syngenta (NYSE:SYT) traded in a range yesterday that spanned from a low of $90.87 to a high of $93.20. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $91.81 on volume of 5.1 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 recommended that subscribers consider buying shares of Syngenta on January 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.42. Since that recommendation, shares of Syngenta have risen 11.9%. We continue to monitor SYT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Syngenta has traded in a range of $61.61 to $98.15 and is now at $92.95, 51% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders syngenta

Ticker(s): SYT