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After Yesterday's Rally of 1.42% Shares Could Potentially Pullback

By James Quinn

Bio-Techne Corp (NASDAQ:TECH) traded in a range yesterday that spanned from a low of $195.97 to a high of $198.80. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $196.43 on volume of 54,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Bio-Techne Corp have traded between a low of $132.75 and a high of $217.16 and are now at $198.12, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 0.7% lower over the past week, respectively.

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

Keywords: rebounders bio-techne corp

Ticker(s): TECH