After Yesterday's Rally of 1.83% Shares Could Potentially Pullback
Agilent Technologies (NYSE:A) traded in a range yesterday that spanned from a low of $42.12 to a high of $43.20. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $42.00 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Agilent Technologies has traded in a range of $33.12 to $43.20 and is now at $42.75, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Agilent Technologies on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.99. Since that recommendation, shares of Agilent Technologies have risen 10.6%. We continue to monitor A for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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