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Look for Shares of Federated Investors to Potentially Pullback after Yesterday's 2.13% Rise
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Federated Investors (NYSE:FII) traded in a range yesterday that spanned from a low of $17.72 to a high of $18.35. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $17.94 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Federated Investors have traded between a low of $14.36 and a high of $28.23 and are now at $18.26, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.7%.
SmarTrend recommended that subscribers consider buying shares of Federated Investors on January 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.25. Since that recommendation, shares of Federated Investors have risen 10.0%. We continue to monitor FII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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