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After Yesterday's Rally of 2.92% Shares Could Potentially Pullback

By Nick Russo

Polaris Inds (NYSE:PII) traded in a range yesterday that spanned from a low of $121.37 to a high of $124.39. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $121.30 on volume of 307,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Polaris Inds share prices have moved between a 52-week high of $137.66 and a 52-week low of $70.14 and are now trading 75% above that low price at $122.92 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.8%.

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

Keywords: rebounders polaris inds

Ticker(s): PII