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Look for Shares of Neogen Corp to Potentially Pullback after Yesterday's 2.05% Rise

By Amy Schwartz

Neogen Corp (NASDAQ:NEOG) traded in a range yesterday that spanned from a low of $59.09 to a high of $60.59. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $59.51 on volume of 123,000 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, shares of Neogen Corp have traded between a low of $50.60 and a high of $97.38 and are now at $60.04, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.7%.

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

Keywords: rebounders neogen corp

Ticker(s): NEOG