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After Yesterday's Rally of 3.15% Shares Could Potentially Pullback

By Amy Schwartz

Infinera Corp (NASDAQ:INFN) traded in a range yesterday that spanned from a low of $10.48 to a high of $10.94. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $10.55 on volume of 733,000 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, Infinera Corp has traded in a range of $6.10 to $13.24 and is now at $10.90, 79% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 1%.

SmarTrend recommended that subscribers consider buying shares of Infinera Corp on February 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.56. Since that recommendation, shares of Infinera Corp have risen 22.4%. We continue to monitor INFN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders infinera corp

Ticker(s): INFN