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Aerojet Rocketdy Set to Possibly Pullback After Yesterday's Rally of 14.16%

By James Quinn

Aerojet Rocketdy (NYSE:AJRD) traded in a range yesterday that spanned from a low of $46.00 to a high of $49.56. Yesterday, the shares gained 14.2%, which took the trading range above the 3-day high of $43.87 on volume of 922,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Aerojet Rocketdy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Aerojet Rocketdy in search of a potential trend change.

Aerojet Rocketdy share prices have moved between a 52-week high of $49.56 and a 52-week low of $27.69 and are now trading 77% above that low price at $48.97 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

Keywords: rebounders aerojet rocketdy

Ticker(s): AJRD