• Return to Headlines

Haemonetics Corp Set to Possibly Pullback After Yesterday's Rally of 3.32%

By Shiri Gupta

Haemonetics Corp (NYSE:HAE) traded in a range yesterday that spanned from a low of $92.77 to a high of $95.20. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $94.09 on volume of 525,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Haemonetics Corp on February 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.99. Since that recommendation, shares of Haemonetics Corp have risen 33.0%. We continue to monitor HAE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Haemonetics Corp share prices have moved between a 52-week high of $96.32 and a 52-week low of $38.47 and are now trading 147% above that low price at $94.84 per share. The 200-day and 50-day moving averages have moved 1.20% higher and 1.46% higher over the past week, respectively.

Keywords: rebounders haemonetics corp

Ticker(s): HAE