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Tahoe Resources Set to Possibly Pullback After Yesterday's Rally of 5.69%

By David Diaz

Tahoe Resources (NYSE:TAHO) traded in a range yesterday that spanned from a low of $5.15 to a high of $5.63. Yesterday, the shares gained 5.7%, which took the trading range above the 3-day high of $5.38 on volume of 1.9 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 its subscribers protect gains by selling shares of Tahoe Resources on May 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $7.82. Since that call, shares of Tahoe Resources have fallen 33.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Tahoe Resources share prices have been bracketed by a low of $4.93 and a high of $17.01 and are now at $5.46, 11% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 3.1%.

Keywords: rebounders tahoe resources

Ticker(s): TAHO