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SmarTrend Watching for Potential Pullback in Shares of Baxter Intl Inc After 1.20% Gain

By Shiri Gupta

Baxter Intl Inc (NYSE:BAX) traded in a range yesterday that spanned from a low of $66.10 to a high of $66.63. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $66.21 on volume of 843,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Baxter Intl Inc has traded in a range of $42.22 to $72.58 and is now at $66.54, 58% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Baxter Intl Inc and will alert subscribers who have BAX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders baxter intl inc

Ticker(s): BAX