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Natural Grocers Rises 3.49% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Natural Grocers (NYSE:NGVC) traded in a range yesterday that spanned from a low of $15.43 to a high of $17.46. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $15.92 on volume of 445,000 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, Natural Grocers has traded in a range of $4.79 to $17.46 and is now at $16.14, 237% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.0% while the 200-day MA has risen 2.1%.

SmarTrend is tracking the current trend status for Natural Grocers and will alert subscribers who have NGVC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders natural grocers

Ticker(s): NGVC