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Mettler-Toledo Set to Possibly Pullback After Yesterday's Rally of 1.34%

By Shiri Gupta

Mettler-Toledo (NYSE:MTD) traded in a range yesterday that spanned from a low of $590.00 to a high of $618.34. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $598.28 on volume of 192,000 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 $697.26 and a 52-week low of $521.79 and are now trading 15% above that low price at $601.84 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

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

Keywords: rebounders mettler-toledo

Ticker(s): MTD