• Return to Headlines

Watch for Pandora Media In to Potentially Pullback After Gaining 3.61% Yesterday

By James Quinn

Pandora Media In (NYSE:P) traded in a range yesterday that spanned from a low of $7.79 to a high of $8.16. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $7.82 on volume of 8.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Pandora Media In share prices have moved between a 52-week high of $9.98 and a 52-week low of $4.09 and are now trading 96% above that low price at $8.04 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Pandora Media In on February 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.21. Since that recommendation, shares of Pandora Media In have risen 48.9%. We continue to monitor P for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders pandora media in

Ticker(s): P