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SmarTrend Watching for Potential Pullback in Shares of Brady Corp - A After 4.27% Gain

By Nick Russo

Brady Corp - A (NYSE:BRC) traded in a range yesterday that spanned from a low of $40.65 to a high of $44.30. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $42.10 on volume of 991,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Brady Corp - A share prices have moved between a 52-week high of $44.30 and a 52-week low of $35.00 and are now trading 23% above that low price at $43.20 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Brady Corp - A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brady Corp - A in search of a potential trend change.

Keywords: rebounders brady corp - a

Ticker(s): BRC