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Sears Holdings Rises 3.30% on Heavy Volume: Watch For Potential Pullback
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Sears Holdings (NASDAQ:SHLD) traded in a range yesterday that spanned from a low of $46.39 to a high of $49.20. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $49.17 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Sears Holdings has traded in a range of $28.89 to $94.79 and is now at $48.77, 69% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 0.9%.
SmarTrend recommended that subscribers consider buying shares of Sears Holdings on January 13th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.28. Since that recommendation, shares of Sears Holdings have risen 37.7%. We continue to monitor SHLD 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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