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Radnet Inc Set to Possibly Pullback After Yesterday's Rally of 10.22%

By Amy Schwartz

Radnet Inc (NASDAQ:RDNT) traded in a range yesterday that spanned from a low of $15.32 to a high of $15.76. Yesterday, the shares gained 10.2%, which took the trading range above the 3-day high of $14.08 on volume of 430,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Radnet Inc share prices have moved between a 52-week high of $16.54 and a 52-week low of $9.65 and are now trading 62% above that low price at $15.61 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 1.49% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Radnet Inc on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.46. Since that recommendation, shares of Radnet Inc have risen 21.3%. We continue to monitor RDNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders radnet inc

Ticker(s): RDNT