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After Yesterday's Rally of 5.80% Shares Could Potentially Pullback

By Amy Schwartz

Aerovironment In (NASDAQ:AVAV) traded in a range yesterday that spanned from a low of $114.15 to a high of $119.95. Yesterday, the shares gained 5.8%, which took the trading range above the 3-day high of $113.06 on volume of 622,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Aerovironment In on June 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.87. Since that recommendation, shares of Aerovironment In have risen 80.1%. We continue to monitor AVAV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Aerovironment In has traded in a range of $41.53 to $119.95 and is now at $117.50, 183% above that low. The 200-day and 50-day moving averages have moved 2.13% higher and 3.84% higher over the past week, respectively.

Keywords: rebounders aerovironment in

Ticker(s): AVAV