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After Yesterday's Rally of 2.02% Shares Could Potentially Pullback

By Shiri Gupta

Scotts Miracle-Gro (NYSE:SMG) traded in a range yesterday that spanned from a low of $83.43 to a high of $85.27. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $84.44 on volume of 219,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Scotts Miracle-Gro and will alert subscribers who have SMG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Scotts Miracle-Gro have traded between a low of $58.11 and a high of $85.18 and are now at $85.06, which is 46% 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 0.3%.

Keywords: rebounders scotts miracle-gro

Ticker(s): SMG