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After Yesterday's Rally of 1.09% Shares Could Potentially Pullback

By David Diaz

Thermo Fisher (NYSE:TMO) traded in a range yesterday that spanned from a low of $212.64 to a high of $216.92. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $215.32 on volume of 310,000 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 Thermo Fisher. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Thermo Fisher in search of a potential trend change.

In the past 52 weeks, Thermo Fisher share prices have been bracketed by a low of $139.07 and a high of $226.44 and are now at $216.40, 56% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.85% higher over the past week, respectively.

Keywords: rebounders Thermo Fisher

Ticker(s): TMO