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After Yesterday's Rally of 3.43% Shares Could Potentially Pullback

By James Quinn

Hub Group-A (NASDAQ:HUBG) traded in a range yesterday that spanned from a low of $34.70 to a high of $36.25. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $35.05 on volume of 415,000 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, Hub Group-A has traded in a range of $33.17 to $52.50 and is now at $35.95, 8% 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 remained constant.

SmarTrend is monitoring the recent change of momentum in Hub Group-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hub Group-A in search of a potential trend change.

Keywords: rebounders hub group-a

Ticker(s): HUBG