After Yesterday's Rally of 6.01% Shares Could Potentially Pullback
Mettler-Toledo International (NYSE:MTD) traded in a range yesterday that spanned from a low of $415.00 to a high of $423.36. Yesterday, the shares gained 6.0%, which took the trading range above the 3-day high of $407.21 on volume of 228,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Mettler-Toledo International share prices have moved between a 52-week high of $424.13 and a 52-week low of $275.30 and are now trading 53% above that low price at $421.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Mettler-Toledo International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mettler-Toledo International in search of a potential trend change.
Keywords: rebounders mettler-toledo international