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Irobot Corp Rises 2.03% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Irobot Corp (NASDAQ:IRBT) traded in a range yesterday that spanned from a low of $43.94 to a high of $44.96. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $44.06 on volume of 457,000 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, Irobot Corp has traded in a range of $40.69 to $109.78 and is now at $44.72, 10% above that low. The 200-day and 50-day moving averages have moved 1.2% lower and 2.21% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Irobot Corp on April 24th, 2019 by issuing a Downtrend alert when the shares were trading at $104.75. Since that call, shares of Irobot Corp have fallen 58.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders irobot corp

Ticker(s): IRBT