Safeguard Scientifics (NYSE:SFE) traded in a range yesterday that spanned from a low of $10.90 to a high of $11.72. Yesterday's low of the day pierced the 3-day low of $11.20 on volume of 244,000 shares.
Shares of Safeguard Scientifics have been range bound for the past 3-days between a high of $13.82 and a low of $11.20 and have traded with a 30-day average daily volume of 86,000 shares.
Look for shares of SFE to trade within a new lower trading range with resistance at $11.20 and move along with its peers in the Asset Management SmarTrend industry.
SmarTrend is bullish on shares of Safeguard Scientifics and our subscribers were alerted to Buy on March 25, 2009 at $0.52. The stock has risen 2011.5% since the alert was issued.