TMCnet News
Watch for Cameron International to Potentially Pullback After Gaining 3.58% YesterdayNov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Cameron International (NYSE:CAM) traded in a range yesterday that spanned from a low of $51.10 to a high of $53.15. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $51.86 on volume of 4.8 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 its subscribers protect gains by selling shares of Cameron International on October 3rd, 2012 by issuing a Downtrend alert when the shares were trading at $55.06. Since that call, shares of Cameron International have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. In the past 52 weeks, shares of Cameron International have traded between a low of $38.38 and a high of $60.00 and are now at $52.67, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |