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Look for Shares of Nxstage Medical to Potentially Pullback after Yesterday's 1.44% Rise

By David Diaz

Nxstage Medical (NASDAQ:NXTM) traded in a range yesterday that spanned from a low of $28.74 to a high of $29.11. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $28.75 on volume of 208,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Nxstage Medical on June 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.01. Since that recommendation, shares of Nxstage Medical have risen 13.7%. We continue to monitor NXTM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Nxstage Medical share prices have been bracketed by a low of $22.70 and a high of $29.26 and are now at $28.84, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders nxstage medical

Ticker(s): NXTM