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SmarTrend Watching for Potential Pullback in Shares of Gen-Probe After 2.18% Gain

By Amy Schwartz

Gen-Probe (AMEX:GPRO) traded in a range yesterday that spanned from a low of $14.11 to a high of $14.48. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $14.39 on volume of 3.6 million 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, Gen-Probe share prices have been bracketed by a low of $8.62 and a high of $65.49 and are now at $14.37, 67% above that low price. The 200-day and 50-day moving averages have moved 3.68% lower and 0.49% lower over the past week, respectively.

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

Keywords: rebounders amex:gpro Gen-Probe

Ticker(s): GPRO