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Briggs & Stratton Rises 9.50% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Briggs & Stratton (NYSE:BGG) traded in a range yesterday that spanned from a low of $21.46 to a high of $23.89. Yesterday, the shares gained 9.5%, which took the trading range above the 3-day high of $21.70 on volume of 1.1 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 Briggs & Stratton and will alert subscribers who have BGG in their portfolio or watchlist when shares have changed trend direction.

Briggs & Stratton share prices have moved between a 52-week high of $24.48 and a 52-week low of $15.47 and are now trading 51% above that low price at $23.39 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders briggs & stratton

Ticker(s): BGG