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Praxair Inc Set to Possibly Pullback After Yesterday's Rally of 1.49%

By James Quinn

Praxair Inc (NYSE:PX) traded in a range yesterday that spanned from a low of $147.01 to a high of $148.97. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $147.76 on volume of 509,000 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 Praxair Inc and will alert subscribers who have PX in their portfolio or watchlist when shares have changed trend direction.

Praxair Inc share prices have moved between a 52-week high of $166.95 and a 52-week low of $106.31 and are now trading 40% above that low price at $148.79 per share. The 200-day and 50-day moving averages have moved 0.03% lower and 0.86% higher over the past week, respectively.

Keywords: rebounders praxair inc

Ticker(s): PX