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After Yesterday's Rally of 5.53%, Cubic Shares Could Pullback (CUB)

Written on Thu, 07/08/2010 - 2:43am
By Chip Brian

Cubic (NYSE:CUB) traded in a range yesterday that spanned from a low of $36.08 to a high of $38.07. Yesterday, the shares gained 5.53%, which took the trading range above the 3-day high of $36.95 on volume of 139,000 shares.
Shares of Cubic are currently trading above their 50-day moving average (MA) of $36.65 and above their 200-day MA of $36.90. Look for these MAs to provide support for a short-term pullback in the shares.
SmarTrend is bullish on shares of Cubic and our subscribers were alerted to Buy on June 21, 2010 at $36.85. The stock has risen 3.1% since the alert was issued.
SmarTrend has the shares in an Uptrend and expects the share price to pullback toward the $36.95 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Aerospace/Defense industry.

Keywords: cubic trading range stock news

Ticker(s): CUB

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