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After Yesterday's Rally of 1.78% Shares Could Potentially Pullback

By David Diaz

Control4 Corp (NASDAQ:CTRL) traded in a range yesterday that spanned from a low of $34.93 to a high of $36.36. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $35.49 on volume of 658,000 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, Control4 Corp share prices have been bracketed by a low of $20.50 and a high of $36.35 and are now at $35.88, 75% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.0%.

SmarTrend recommended that subscribers consider buying shares of Control4 Corp on May 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.97. Since that recommendation, shares of Control4 Corp have risen 41.4%. We continue to monitor CTRL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders control4 corp

Ticker(s): CTRL