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After Yesterday's Rally of 2.86% Shares Could Potentially Pullback

By James Quinn

Drew Industries (NYSE:DW) traded in a range yesterday that spanned from a low of $78.92 to a high of $80.95. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $79.95 on volume of 107,000 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 Drew Industries on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.35. Since that recommendation, shares of Drew Industries have risen 37.2%. We continue to monitor DW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Drew Industries has traded in a range of $51.00 to $81.23 and is now at $80.90, 59% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

Keywords: rebounders drew industries

Ticker(s): DW