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Central Garden-A Set to Possibly Pullback After Yesterday's Rally of 5.38%

By Shiri Gupta

Central Garden-A (NASDAQ:CENTA) traded in a range yesterday that spanned from a low of $25.80 to a high of $26.89. Yesterday, the shares gained 5.4%, which took the trading range above the 3-day high of $25.54 on volume of 67,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Central Garden-A has traded in a range of $20.50 to $36.92 and is now at $26.74, 30% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of Central Garden-A on August 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.98. Since that recommendation, shares of Central Garden-A have risen 4.6%. We continue to monitor CENTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders central garden-a

Ticker(s): CENTA