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Look for Shares of Ch Robinson to Potentially Pullback after Yesterday's 1.36% Rise

By Shiri Gupta

Ch Robinson (NASDAQ:CHRW) traded in a range yesterday that spanned from a low of $82.86 to a high of $84.29. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $83.85 on volume of 212,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ch Robinson share prices have moved between a 52-week high of $98.16 and a 52-week low of $77.72 and are now trading 8% above that low price at $84.15 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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

Keywords: rebounders ch robinson

Ticker(s): CHRW