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Mindbody Inc-A Rises 1.20% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Mindbody Inc-A (NASDAQ:MB) traded in a range yesterday that spanned from a low of $40.85 to a high of $42.53. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $42.03 on volume of 275,000 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 Mindbody Inc-A and will alert subscribers who have MB in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Mindbody Inc-A has traded in a range of $13.75 to $45.50 and is now at $42.12, 206% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.9%.

Keywords: rebounders mindbody inc-a

Ticker(s): MB