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SmarTrend Watching for Potential Pullback in Shares of Masimo Corp After 1.95% Gain

By Amy Schwartz

Masimo Corp (NASDAQ:MASI) traded in a range yesterday that spanned from a low of $119.19 to a high of $121.28. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $119.35 on volume of 247,000 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 Masimo Corp have traded between a low of $48.07 and a high of $120.73 and are now at $120.62, which is 151% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Masimo Corp on August 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.25. Since that recommendation, shares of Masimo Corp have risen 13.0%. We continue to monitor MASI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders masimo corp

Ticker(s): MASI