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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By Shiri Gupta

Blue Bird Corp (NASDAQ:BLBD) traded in a range yesterday that spanned from a low of $22.50 to a high of $23.70. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $23.25 on volume of 92,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Blue Bird Corp on December 22nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.42. Since that recommendation, shares of Blue Bird Corp have risen 18.9%. We continue to monitor BLBD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Blue Bird Corp share prices have moved between a 52-week high of $23.25 and a 52-week low of $11.10 and are now trading 109% above that low price at $23.20 per share. The 200-day and 50-day moving averages have moved 0.39% lower and 1.73% higher over the past week, respectively.

Keywords: rebounders blue bird corp

Ticker(s): BLBD