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After Yesterday's Rally of 18.32% Shares Could Potentially Pullback

By Nick Russo

Cray Inc (NASDAQ:CRAY) traded in a range yesterday that spanned from a low of $29.80 to a high of $35.32. Yesterday, the shares gained 18.3%, which took the trading range above the 3-day high of $30.08 on volume of 6.3 million 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 Cray Inc have traded between a low of $18.76 and a high of $35.32 and are now at $35.26, which is 88% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.

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

Keywords: rebounders cray inc

Ticker(s): CRAY