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Watch for Sun Communities to Potentially Pullback After Gaining 1.80% Yesterday

By James Quinn

Sun Communities (NYSE:SUI) traded in a range yesterday that spanned from a low of $132.65 to a high of $136.59. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $134.60 on volume of 163,000 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 Sun Communities and will alert subscribers who have SUI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Sun Communities share prices have been bracketed by a low of $95.34 and a high of $173.98 and are now at $136.59, 43% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 2.7% lower over the past week, respectively.

Keywords: rebounders sun communities

Ticker(s): SUI