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Look for Shares of Hill-Rom Holding to Potentially Pullback after Yesterday's 2.82% Rise

By James Quinn

Hill-Rom Holding (NYSE:HRC) traded in a range yesterday that spanned from a low of $87.58 to a high of $90.28. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $89.44 on volume of 384,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Hill-Rom Holding share prices have moved between a 52-week high of $91.11 and a 52-week low of $47.76 and are now trading 89% above that low price at $90.09 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Hill-Rom Holding on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.87. Since that recommendation, shares of Hill-Rom Holding have risen 4.4%. We continue to monitor HRC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hill-rom holding

Ticker(s): HRC