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After Yesterday's Rally of 6.05% Shares Could Potentially Pullback

By David Diaz

Danaher Corp (NYSE:DHR) traded in a range yesterday that spanned from a low of $130.22 to a high of $138.15. Yesterday, the shares gained 6.1%, which took the trading range above the 3-day high of $137.17 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Danaher Corp and will alert subscribers who have DHR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Danaher Corp share prices have been bracketed by a low of $119.60 and a high of $169.19 and are now at $136.27, 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has remained constant.

Keywords: rebounders Danaher Corp

Ticker(s): DHR