After Yesterday's Rally of 5.20% Shares Could Potentially Pullback
Toro (NYSE:TTC) traded in a range yesterday that spanned from a low of $94.04 to a high of $98.94. Yesterday, the shares gained 5.2%, which took the trading range above the 3-day high of $95.13 on volume of 597,000 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, Toro share prices have been bracketed by a low of $64.71 and a high of $98.94 and are now at $98.68, 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.
SmarTrend recommended that subscribers consider buying shares of Toro on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.21. Since that recommendation, shares of Toro have risen 3.9%. We continue to monitor TTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders toro