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Watch for Northern Trust to Potentially Pullback After Gaining 1.14% Yesterday

By James Quinn

Northern Trust (NASDAQ:NTRS) traded in a range yesterday that spanned from a low of $106.76 to a high of $109.69. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $109.52 on volume of 511,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Northern Trust have traded between a low of $61.32 and a high of $110.81 and are now at $109.26, which is 78% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Northern Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Northern Trust in search of a potential trend change.

Keywords: rebounders Northern Trust

Ticker(s): NTRS