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Look for Shares of Ii-Vi Inc to Potentially Pullback after Yesterday's 1.14% Rise

By Amy Schwartz

Ii-Vi Inc (NASDAQ:IIVI) traded in a range yesterday that spanned from a low of $34.43 to a high of $34.99. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $34.50 on volume of 247,000 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, Ii-Vi Inc has traded in a range of $29.31 to $53.08 and is now at $34.93, 19% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.6% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ii-Vi Inc on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $36.81. Since that call, shares of Ii-Vi Inc have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ii-vi inc

Ticker(s): IIVI