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SmarTrend Watching for Potential Pullback in Shares of Danaher Corp After 1.24% Gain

By Shiri Gupta

Danaher Corp (NYSE:DHR) traded in a range yesterday that spanned from a low of $100.01 to a high of $100.67. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $99.76 on volume of 624,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Danaher Corp has traded in a range of $74.34 to $104.82 and is now at $100.61, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

Keywords: rebounders Danaher Corp

Ticker(s): DHR