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SmarTrend Watching for Potential Pullback in Shares of Glaukos Corp After 5.74% Gain

By David Diaz

Glaukos Corp (NYSE:GKOS) traded in a range yesterday that spanned from a low of $37.58 to a high of $41.40. Yesterday, the shares gained 5.7%, which took the trading range above the 3-day high of $38.38 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Glaukos Corp share prices have moved between a 52-week high of $52.49 and a 52-week low of $26.96 and are now trading 52% above that low price at $40.96 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 2.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Glaukos Corp on July 11th, 2017 by issuing a Downtrend alert when the shares were trading at $39.31. Since that call, shares of Glaukos Corp have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders glaukos corp

Ticker(s): GKOS