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After Yesterday's Rally of 9.16% Shares Could Potentially Pullback

By Amy Schwartz

Itron Inc (NASDAQ:ITRI) traded in a range yesterday that spanned from a low of $44.00 to a high of $47.94. Yesterday, the shares gained 9.2%, which took the trading range above the 3-day high of $43.84 on volume of 550,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Itron Inc has traded in a range of $26.90 to $55.59 and is now at $47.58, 77% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

Keywords: rebounders itron inc

Ticker(s): ITRI