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Cyrusone Inc Set to Possibly Pullback After Yesterday's Rally of 1.08%

By Amy Schwartz

Cyrusone Inc (NYSE:CONE) traded in a range yesterday that spanned from a low of $57.12 to a high of $58.15. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $57.91 on volume of 611,000 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, Cyrusone Inc has traded in a range of $38.80 to $60.55 and is now at $57.99, 49% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.6%.

SmarTrend is monitoring the recent change of momentum in Cyrusone Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cyrusone Inc in search of a potential trend change.

Keywords: rebounders cyrusone inc

Ticker(s): CONE