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Watch for Boston Beer-A to Potentially Pullback After Gaining 2.67% Yesterday

By Amy Schwartz

Boston Beer-A (NYSE:SAM) traded in a range yesterday that spanned from a low of $313.90 to a high of $324.20. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $315.25 on volume of 85,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Boston Beer-A and will alert subscribers who have SAM in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Boston Beer-A has traded in a range of $128.75 to $324.20 and is now at $322.64, 151% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has advanced 2.6%.

Keywords: rebounders boston beer-a

Ticker(s): SAM