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Mercury Systems Set to Possibly Pullback After Yesterday's Rally of 1.35%

By David Diaz

Mercury Systems (NASDAQ:MRCY) traded in a range yesterday that spanned from a low of $59.91 to a high of $60.67. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $60.53 on volume of 104,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Mercury Systems has traded in a range of $30.11 to $68.00 and is now at $60.24, 100% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.7%.

SmarTrend is monitoring the recent change of momentum in Mercury Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mercury Systems in search of a potential trend change.

Keywords: rebounders mercury systems

Ticker(s): MRCY