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After Yesterday's Rally of 1.27% Shares Could Potentially Pullback

By Amy Schwartz

Smith & Nephew (NYSE:SNN) traded in a range yesterday that spanned from a low of $31.41 to a high of $31.60. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $31.26 on volume of 270,000 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 tracking the current trend status for Smith & Nephew and will alert subscribers who have SNN in their portfolio or watchlist when shares have changed trend direction.

Smith & Nephew share prices have moved between a 52-week high of $37.84 and a 52-week low of $26.96 and are now trading 17% above that low price at $31.46 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: rebounders smith & nephew

Ticker(s): SNN