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After Yesterday's Rally of 1.45% Shares Could Potentially Pullback

By Amy Schwartz

Stericycle (NASDAQ:SRCL) traded in a range yesterday that spanned from a low of $84.00 to a high of $88.00. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $86.64 on volume of 450,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Stericycle share prices have moved between a 52-week high of $151.57 and a 52-week low of $71.52 and are now trading 21% above that low price at $86.67 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.1%.

SmarTrend recommended that subscribers consider buying shares of Stericycle on January 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.92. Since that recommendation, shares of Stericycle have risen 7.3%. We continue to monitor SRCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders stericycle

Ticker(s): SRCL