• Return to Headlines

Tribune Media -A Rises 1.26% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Tribune Media -A (NYSE:TRCO) traded in a range yesterday that spanned from a low of $38.38 to a high of $40.21. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $39.33 on volume of 842,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Tribune Media -A share prices have moved between a 52-week high of $43.71 and a 52-week low of $31.61 and are now trading 24% above that low price at $39.27 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Tribune Media -A on August 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.62. Since that recommendation, shares of Tribune Media -A have risen 6.3%. We continue to monitor TRCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders tribune media -a

Ticker(s): TRCO