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After Yesterday's Rally of 2.78% Shares Could Potentially Pullback

By David Diaz

Bio-Rad Labs-A (NYSE:BIO) traded in a range yesterday that spanned from a low of $283.51 to a high of $293.43. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $287.56 on volume of 132,000 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, Bio-Rad Labs-A has traded in a range of $135.94 to $293.43 and is now at $292.22, 115% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Bio-Rad Labs-A on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $262.43. Since that recommendation, shares of Bio-Rad Labs-A have risen 8.2%. We continue to monitor BIO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders bio-rad labs-a

Ticker(s): BIO