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T Rowe Price Set to Possibly Pullback After Yesterday's Rally of 2.30%
Jan 18, 2013 (SmarTrend(R) News Watch via COMTEX) --
T Rowe Price (NASDAQ:TROW) traded in a range yesterday that spanned from a low of $70.00 to a high of $71.34. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $69.95 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of T Rowe Price on June 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.42. Since that recommendation, shares of T Rowe Price have risen 17.0%. We continue to monitor TROW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
T Rowe Price share prices have moved between a 52-week high of $71.34 and a 52-week low of $54.47 and are now trading 31% above that low price at $71.13 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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