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Pitney Bowes Inc Rises 1.04% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Pitney Bowes Inc (NYSE:PBI) traded in a range yesterday that spanned from a low of $4.78 to a high of $4.89. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $4.87 on volume of 186,000 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 Pitney Bowes Inc and will alert subscribers who have PBI in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Pitney Bowes Inc has traded in a range of $3.14 to $8.56 and is now at $4.88, 55% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.7%.

Keywords: rebounders pitney bowes inc

Ticker(s): PBI