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Look for Shares of Harman International Industries to Potentially Pullback after Yesterday's 1.16% Rise

By Nick Russo

Harman International Industries (NYSE:HAR) traded in a range yesterday that spanned from a low of $76.81 to a high of $78.15. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $77.86 on volume of 423,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Harman International Industries share prices have been bracketed by a low of $66.20 and a high of $132.74 and are now at $77.77, 17% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Harman International Industries and will alert subscribers who have HAR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders harman international industries

Ticker(s): HAR