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Kirby Corp Set to Possibly Pullback After Yesterday's Rally of 7.32%

By James Quinn

Kirby Corp (NYSE:KEX) traded in a range yesterday that spanned from a low of $77.60 to a high of $82.50. Yesterday, the shares gained 7.3%, which took the trading range above the 3-day high of $77.85 on volume of 393,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Kirby Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kirby Corp in search of a potential trend change.

Kirby Corp share prices have moved between a 52-week high of $94.05 and a 52-week low of $61.80 and are now trading 33% above that low price at $82.05 per share. The 200-day and 50-day moving averages have moved 0.34% higher and 0.64% lower over the past week, respectively.

Keywords: rebounders kirby corp

Ticker(s): KEX