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SmarTrend Watching for Potential Pullback in Shares of Mondelez Inter-A After 1.02% Gain

By Amy Schwartz

Mondelez Inter-A (NASDAQ:MDLZ) traded in a range yesterday that spanned from a low of $53.30 to a high of $53.41. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $53.15 on volume of 109,000 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 Mondelez Inter-A and will alert subscribers who have MDLZ in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Mondelez Inter-A has traded in a range of $38.78 to $56.72 and is now at $53.38, 38% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders mondelez inter-a

Ticker(s): MDLZ