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Mettler-Toledo Rises 1.07% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Mettler-Toledo (NYSE:MTD) traded in a range yesterday that spanned from a low of $821.86 to a high of $838.19. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $831.92 on volume of 60,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Mettler-Toledo share prices have moved between a 52-week high of $837.88 and a 52-week low of $500.74 and are now trading 67% above that low price at $837.88 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 0.71% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Mettler-Toledo on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $753.93. Since that recommendation, shares of Mettler-Toledo have risen 9.6%. We continue to monitor MTD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders mettler-toledo

Ticker(s): MTD