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After Yesterday's Rally of 9.99% Shares Could Potentially Pullback
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
TAL International (NYSE:TAL) traded in a range yesterday that spanned from a low of $35.34 to a high of $38.63. Yesterday, the shares gained 10.0%, which took the trading range above the 3-day high of $36.13 on volume of 1.4 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 TAL International on December 21st, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.22. Since that recommendation, shares of TAL International have risen 23.4%. We continue to monitor TAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of TAL International have traded between a low of $22.35 and a high of $38.63 and are now at $38.30, which is 71% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has remained constant.
Write to Chip Brian at cbrian@mysmartrend.com
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