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Look for Shares of Advanced Drainag to Potentially Pullback after Yesterday's 2.83% Rise

By James Quinn

Advanced Drainag (NYSE:WMS) traded in a range yesterday that spanned from a low of $38.68 to a high of $39.26. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $38.44 on volume of 72,000 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, Advanced Drainag has traded in a range of $23.04 to $39.69 and is now at $38.85, 69% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

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

Keywords: rebounders advanced drainag

Ticker(s): WMS