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After Yesterday's Rally of 2.60% Shares Could Potentially Pullback

By David Diaz

Viasat Inc (NASDAQ:VSAT) traded in a range yesterday that spanned from a low of $60.69 to a high of $61.87. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $60.94 on volume of 209,000 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, Viasat Inc share prices have been bracketed by a low of $57.75 and a high of $82.19 and are now at $61.75, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

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

Keywords: rebounders viasat inc

Ticker(s): VSAT