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After Yesterday's Rally of 5.38% Shares Could Potentially Pullback

By Amy Schwartz

Mindbody Inc-A (NASDAQ:MB) traded in a range yesterday that spanned from a low of $40.50 to a high of $43.45. Yesterday, the shares gained 5.4%, which took the trading range above the 3-day high of $40.35 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Mindbody Inc-A share prices have moved between a 52-week high of $43.45 and a 52-week low of $13.75 and are now trading 205% above that low price at $42.00 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 1.10% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Mindbody Inc-A on February 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.42. Since that recommendation, shares of Mindbody Inc-A have risen 12.8%. We continue to monitor MB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders mindbody inc-a

Ticker(s): MB