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Look for Shares of Blackhawk Networ to Potentially Pullback after Yesterday's 2.59% Rise

By Nick Russo

Blackhawk Networ (NYSE:HAWK) traded in a range yesterday that spanned from a low of $42.70 to a high of $44.15. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $43.80 on volume of 560,000 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 Blackhawk Networ on March 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.55. Since that recommendation, shares of Blackhawk Networ have risen 7.3%. We continue to monitor HAWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Blackhawk Networ share prices have moved between a 52-week high of $44.90 and a 52-week low of $28.88 and are now trading 51% above that low price at $43.55 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 1.23% lower over the past week, respectively.

Keywords: rebounders blackhawk networ

Ticker(s): HAWK