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SmarTrend Watching for Potential Pullback in Shares of Cornerstone Onde After 1.36% Gain

By Shiri Gupta

Cornerstone Onde (NASDAQ:CSOD) traded in a range yesterday that spanned from a low of $55.35 to a high of $56.04. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $55.46 on volume of 375,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Cornerstone Onde share prices have been bracketed by a low of $45.89 and a high of $62.66 and are now at $55.73, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

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

Keywords: rebounders cornerstone onde

Ticker(s): CSOD