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SmarTrend Watching for Potential Pullback in Shares of Acuity Brands After 1.80% Gain

By Amy Schwartz

Acuity Brands (NYSE:AYI) traded in a range yesterday that spanned from a low of $131.44 to a high of $135.50. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $134.17 on volume of 329,000 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 Acuity Brands and will alert subscribers who have AYI in their portfolio or watchlist when shares have changed trend direction.

Acuity Brands share prices have moved between a 52-week high of $208.82 and a 52-week low of $109.98 and are now trading 23% above that low price at $134.92 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

Keywords: rebounders acuity brands

Ticker(s): AYI