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After Yesterday's Rally of 1.39% Shares Could Potentially Pullback

By Amy Schwartz

Roper Technologi (NYSE:ROP) traded in a range yesterday that spanned from a low of $352.82 to a high of $356.85. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $354.18 on volume of 60,000 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 Roper Technologi and will alert subscribers who have ROP in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Roper Technologi have traded between a low of $245.59 and a high of $385.51 and are now at $356.82, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders roper technologi

Ticker(s): ROP