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Watch for Madison Square-A to Potentially Pullback After Gaining 6.90% Yesterday

By David Diaz

Madison Square-A (NYSE:MSG) traded in a range yesterday that spanned from a low of $209.00 to a high of $226.69. Yesterday, the shares gained 6.9%, which took the trading range above the 3-day high of $214.00 on volume of 295,000 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 Madison Square-A and will alert subscribers who have MSG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Madison Square-A share prices have been bracketed by a low of $160.96 and a high of $226.69 and are now at $223.83, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: rebounders madison square-a

Ticker(s): MSG