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Pitney Bowes Inc Set to Possibly Pullback After Yesterday's Rally of 1.04%

By Nick Russo

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.

In the past 52 weeks, shares of Pitney Bowes Inc have traded between a low of $3.14 and a high of $8.56 and are now at $4.88, which is 55% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.4%.

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.

Keywords: rebounders pitney bowes inc

Ticker(s): PBI