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Watch for Sm Energy Co to Potentially Pullback After Gaining 1.52% Yesterday

By Shiri Gupta

Sm Energy Co (NYSE:SM) traded in a range yesterday that spanned from a low of $16.95 to a high of $17.80. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $17.35 on volume of 1.3 million 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, Sm Energy Co share prices have been bracketed by a low of $13.76 and a high of $43.09 and are now at $17.42, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 9.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sm Energy Co on February 1st, 2017 by issuing a Downtrend alert when the shares were trading at $29.78. Since that call, shares of Sm Energy Co have fallen 42.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders sm energy co

Ticker(s): SM