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Look for Shares of Spartan Motors to Potentially Pullback after Yesterday's 9.85% Rise

By David Diaz

Spartan Motors (NASDAQ:SPAR) traded in a range yesterday that spanned from a low of $18.72 to a high of $20.64. Yesterday, the shares gained 9.8%, which took the trading range above the 3-day high of $18.93 on volume of 292,000 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 Spartan Motors and will alert subscribers who have SPAR in their portfolio or watchlist when shares have changed trend direction.

Spartan Motors share prices have moved between a 52-week high of $20.64 and a 52-week low of $8.01 and are now trading 158% above that low price at $20.64 per share. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.3%.

Keywords: rebounders spartan motors

Ticker(s): SPAR