After Yesterday's Rally of 1.56% Shares Could Potentially Pullback
Zebra Technologies (NASDAQ:ZBRA) traded in a range yesterday that spanned from a low of $51.71 to a high of $53.00. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $52.10 on volume of 203,000 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 Zebra Technologies have traded between a low of $42.51 and a high of $119.47 and are now at $52.74, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 0.7%.
SmarTrend recommended that its subscribers protect gains by selling shares of Zebra Technologies on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $62.54. Since that call, shares of Zebra Technologies have fallen 17.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders zebra technologies