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SmarTrend Watching for Potential Pullback in Shares of Ch Robinson After 2.37% Gain

By Amy Schwartz

Ch Robinson (NASDAQ:CHRW) traded in a range yesterday that spanned from a low of $85.78 to a high of $87.87. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $86.96 on volume of 649,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Ch Robinson on May 1st, 2018 by issuing a Downtrend alert when the shares were trading at $91.15. Since that call, shares of Ch Robinson have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Ch Robinson has traded in a range of $63.41 to $100.18 and is now at $87.63, 38% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders ch robinson

Ticker(s): CHRW