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Danaher Corp Rises 1.42% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Danaher Corp (NYSE:DHR) traded in a range yesterday that spanned from a low of $105.90 to a high of $107.54. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $105.87 on volume of 756,000 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, Danaher Corp has traded in a range of $83.81 to $107.54 and is now at $107.26, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

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.

Keywords: rebounders Danaher Corp

Ticker(s): DHR