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After Yesterday's Rally of 1.63% Shares Could Potentially Pullback

By Nick Russo

Iron Mountain (NYSE:IRM) traded in a range yesterday that spanned from a low of $34.20 to a high of $35.22. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $35.06 on volume of 655,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Iron Mountain share prices have moved between a 52-week high of $41.53 and a 52-week low of $30.78 and are now trading 14% above that low price at $35.09 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Iron Mountain and will alert subscribers who have IRM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Iron Mountain

Ticker(s): IRM