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SmarTrend Watching for Potential Pullback in Shares of T Rowe Price Grp After 3.42% Gain

By Nick Russo

T Rowe Price Grp (NASDAQ:TROW) traded in a range yesterday that spanned from a low of $112.30 to a high of $117.51. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $114.50 on volume of 677,000 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, T Rowe Price Grp share prices have been bracketed by a low of $82.51 and a high of $139.82 and are now at $116.52, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for T Rowe Price Grp and will alert subscribers who have TROW in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders t rowe price grp

Ticker(s): TROW