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Watch for Ggp Inc to Potentially Pullback After Gaining 2.40% Yesterday

By David Diaz

Ggp Inc (NYSE:GGP) traded in a range yesterday that spanned from a low of $19.80 to a high of $20.33. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $19.95 on volume of 3.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ggp Inc share prices have moved between a 52-week high of $32.10 and a 52-week low of $18.83 and are now trading 7% above that low price at $20.20 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ggp Inc on March 9th, 2018 by issuing a Downtrend alert when the shares were trading at $21.04. Since that call, shares of Ggp Inc have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ggp inc

Ticker(s): GGP