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TMCNet:  Watch for Vodafone Group to Potentially Pullback After Gaining 2.48% Yesterday

[February 27, 2013]

Watch for Vodafone Group to Potentially Pullback After Gaining 2.48% Yesterday

Feb 27, 2013 (SmarTrend(R) News Watch via COMTEX) -- Vodafone Group (NYSE:VOD) traded in a range yesterday that spanned from a low of $24.76 to a high of $25.22. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $25.09 on volume of 20.1 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 is monitoring the recent change of momentum in Vodafone Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vodafone Group in search of a potential trend change.

Over the past year, Vodafone Group has traded in a range of $24.42 to $30.07 and is now at $25.16, 3% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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