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Look for Shares of Kennametal Inc to Potentially Pullback after Yesterday's 1.99% Rise

By Amy Schwartz

Kennametal Inc (NYSE:KMT) traded in a range yesterday that spanned from a low of $36.23 to a high of $37.25. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $37.15 on volume of 254,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Kennametal Inc share prices have moved between a 52-week high of $52.52 and a 52-week low of $32.23 and are now trading 15% above that low price at $36.93 per share. The 200-day and 50-day moving averages have moved 0.14% lower and 0.08% lower over the past week, respectively.

Keywords: rebounders kennametal inc

Ticker(s): KMT