• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Columbia Sportsw After 1.16% Gain

By Nick Russo

Columbia Sportsw (NASDAQ:COLM) traded in a range yesterday that spanned from a low of $91.00 to a high of $93.14. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $92.80 on volume of 120,000 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 subscribers consider buying shares of Columbia Sportsw on September 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.90. Since that recommendation, shares of Columbia Sportsw have risen 55.0%. We continue to monitor COLM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Columbia Sportsw share prices have been bracketed by a low of $54.89 and a high of $94.33 and are now at $92.37, 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.9%.

Keywords: rebounders columbia sportsw

Ticker(s): COLM