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Look for Shares of Iron Mountain to Potentially Pullback after Yesterday's 3.08% Rise

By Shiri Gupta

Iron Mountain (NYSE:IRM) traded in a range yesterday that spanned from a low of $31.90 to a high of $33.53. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $32.20 on volume of 3.6 million 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, Iron Mountain has traded in a range of $29.28 to $36.82 and is now at $32.78, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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

Keywords: rebounders Iron Mountain

Ticker(s): IRM