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SmarTrend Watching for Potential Pullback in Shares of Burlington Store After 2.74% Gain

By Amy Schwartz

Burlington Store (NYSE:BURL) traded in a range yesterday that spanned from a low of $152.14 to a high of $155.79. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $155.78 on volume of 543,000 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, Burlington Store has traded in a range of $87.20 to $175.48 and is now at $155.00, 78% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Burlington Store and will alert subscribers who have BURL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders burlington store

Ticker(s): BURL