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SmarTrend Watching for Potential Pullback in Shares of Federated Investors After 2.13% Gain
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.
Federated Investors share prices have moved between a 52-week high of $28.23 and a 52-week low of $14.36 and are now trading 27% above that low price at $18.26 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.8%.
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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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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