After Yesterday's Rally of 3.02% Shares Could Potentially Pullback
iRobot (NASDAQ:IRBT) traded in a range yesterday that spanned from a low of $43.65 to a high of $45.10. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $43.50 on volume of 253,000 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, iRobot share prices have been bracketed by a low of $16.25 and a high of $48.36 and are now at $45.01, 177% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.6%.
SmarTrend recommended that subscribers consider buying shares of iRobot on August 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.13. Since that recommendation, shares of iRobot have risen 13.7%. We continue to monitor IRBT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders iRobot