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After Yesterday's Rally of 1.15% Shares Could Potentially Pullback

By James Quinn

Masimo Corp (NASDAQ:MASI) traded in a range yesterday that spanned from a low of $103.60 to a high of $105.71. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $105.01 on volume of 150,000 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, Masimo Corp has traded in a range of $48.07 to $126.89 and is now at $105.40, 119% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Masimo Corp and will alert subscribers who have MASI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders masimo corp

Ticker(s): MASI