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Control4 Corp Rises 2.91% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Control4 Corp (NASDAQ:CTRL) traded in a range yesterday that spanned from a low of $23.62 to a high of $24.50. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $24.37 on volume of 574,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Control4 Corp have traded between a low of $7.79 and a high of $24.50 and are now at $24.06, which is 209% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

SmarTrend recommended that subscribers consider buying shares of Control4 Corp on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.74. Since that recommendation, shares of Control4 Corp have risen 70.1%. We continue to monitor CTRL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders control4 corp

Ticker(s): CTRL