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Watch for Discover Financi to Potentially Pullback After Gaining 1.06% Yesterday

By James Quinn

Discover Financi (NYSE:DFS) traded in a range yesterday that spanned from a low of $72.61 to a high of $73.11. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $72.54 on volume of 732,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Discover Financi share prices have moved between a 52-week high of $80.36 and a 52-week low of $54.36 and are now trading 34% above that low price at $73.11 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Discover Financi on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.46. Since that recommendation, shares of Discover Financi have risen 19.6%. We continue to monitor DFS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders discover financi

Ticker(s): DFS