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

By Shiri Gupta

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.

Danaher Corp share prices have moved between a 52-week high of $106.08 and a 52-week low of $78.97 and are now trading 27% above that low price at $100.43 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders Danaher Corp

Ticker(s): DHR