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SmarTrend Watching for Potential Pullback in Shares of Marinemax Inc After 2.97% Gain

By Amy Schwartz

Marinemax Inc (NYSE:HZO) traded in a range yesterday that spanned from a low of $20.05 to a high of $21.05. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $20.95 on volume of 298,000 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, shares of Marinemax Inc have traded between a low of $13.80 and a high of $25.05 and are now at $21.05, which is 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.7%.

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

Keywords: rebounders marinemax inc

Ticker(s): HZO