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Edwards Life Set to Possibly Pullback After Yesterday's Rally of 1.23%

By Shiri Gupta

Edwards Life (NYSE:EW) traded in a range yesterday that spanned from a low of $178.99 to a high of $181.84. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $177.89 on volume of 346,000 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, Edwards Life share prices have been bracketed by a low of $127.29 and a high of $197.86 and are now at $180.91, 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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

Keywords: rebounders edwards life

Ticker(s): EW