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After Yesterday's Rally of 1.99% Shares Could Potentially Pullback

By David Diaz

Xcerra Corp (NASDAQ:XCRA) traded in a range yesterday that spanned from a low of $9.95 to a high of $10.29. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $10.13 on volume of 798,000 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, Xcerra Corp has traded in a range of $5.14 to $10.29 and is now at $10.24, 99% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Xcerra Corp on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.39. Since that recommendation, shares of Xcerra Corp have risen 57.1%. We continue to monitor XCRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders xcerra corp

Ticker(s): XCRA