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Watch for Voya Financial I to Potentially Pullback After Gaining 1.07% Yesterday

By Shiri Gupta

Voya Financial I (NYSE:VOYA) traded in a range yesterday that spanned from a low of $49.74 to a high of $50.04. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $49.97 on volume of 358,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Voya Financial I has traded in a range of $36.66 to $55.27 and is now at $50.04, 36% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Voya Financial I on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.72. Since that recommendation, shares of Voya Financial I have risen 21.6%. We continue to monitor VOYA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders voya financial i

Ticker(s): VOYA