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After Yesterday's Rally of 2.30% Shares Could Potentially Pullback

By Shiri Gupta

Teleflex Inc (NYSE:TFX) traded in a range yesterday that spanned from a low of $209.38 to a high of $214.52. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $209.96 on volume of 153,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Teleflex Inc on June 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $202.10. Since that recommendation, shares of Teleflex Inc have risen 3.4%. We continue to monitor TFX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Teleflex Inc share prices have moved between a 52-week high of $217.97 and a 52-week low of $136.53 and are now trading 56% above that low price at $213.43 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

Keywords: rebounders teleflex inc

Ticker(s): TFX