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After Yesterday's Rally of 1.29% Shares Could Potentially Pullback

By Amy Schwartz

Mercury Computer Systems (NASDAQ:MRCY) traded in a range yesterday that spanned from a low of $37.91 to a high of $38.50. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $38.33 on volume of 187,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Mercury Computer Systems share prices have moved between a 52-week high of $40.86 and a 52-week low of $6.76 and are now trading 467% above that low price at $38.31 per share. The 200-day and 50-day moving averages have moved 0.70% higher and 1.61% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Mercury Computer Systems on September 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.26. Since that recommendation, shares of Mercury Computer Systems have risen 56.2%. We continue to monitor MRCY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders mercury computer systems

Ticker(s): MRCY