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Danaher Corp Falls 1.32% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Danaher Corp (NYSE:DHR) traded in a range yesterday that spanned from a low of $100.35 to a high of $101.41. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $101.59 on volume of 568,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Danaher Corp and will alert subscribers who have DHR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Danaher Corp share prices have been bracketed by a low of $78.97 and a high of $106.08 and are now at $100.43, 27% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 0.04% higher over the past week, respectively.

Keywords: rebounders Danaher Corp

Ticker(s): DHR