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Aramark Rises 1.02% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Aramark (NYSE:ARMK) traded in a range yesterday that spanned from a low of $39.36 to a high of $39.93. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $39.44 on volume of 559,000 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 Aramark and will alert subscribers who have ARMK in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Aramark has traded in a range of $36.28 to $46.09 and is now at $39.70, 9% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders aramark

Ticker(s): ARMK