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Look for Shares of Select Comfort C to Potentially Pullback after Yesterday's 2.63% Rise

By Shiri Gupta

Select Comfort C (NASDAQ:SCSS) traded in a range yesterday that spanned from a low of $30.73 to a high of $32.37. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $32.14 on volume of 774,000 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 Select Comfort C on February 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.51. Since that recommendation, shares of Select Comfort C have risen 36.7%. We continue to monitor SCSS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Select Comfort C share prices have moved between a 52-week high of $36.74 and a 52-week low of $17.95 and are now trading 77% above that low price at $31.81 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 3.1%.

Keywords: rebounders select comfort c

Ticker(s): SCSS