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Monro Muffler Rises 6.02% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Monro Muffler (NASDAQ:MNRO) traded in a range yesterday that spanned from a low of $64.40 to a high of $67.72. Yesterday, the shares gained 6.0%, which took the trading range above the 3-day high of $63.85 on volume of 428,000 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 Monro Muffler and will alert subscribers who have MNRO in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Monro Muffler have traded between a low of $39.65 and a high of $70.78 and are now at $65.60, which is 65% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

Keywords: rebounders monro muffler

Ticker(s): MNRO