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Scotts Miracle Set to Possibly Pullback After Yesterday's Rally of 2.68%

By Amy Schwartz

Scotts Miracle (NYSE:SMG) traded in a range yesterday that spanned from a low of $75.23 to a high of $77.85. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $75.85 on volume of 309,000 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 monitoring the recent change of momentum in Scotts Miracle. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Scotts Miracle in search of a potential trend change.

In the past 52 weeks, shares of Scotts Miracle have traded between a low of $65.20 and a high of $110.12 and are now at $77.61, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.63% lower and 0.15% lower over the past week, respectively.

Keywords: rebounders scotts miracle

Ticker(s): SMG