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SmarTrend Watching for Potential Pullback in Shares of Mettler-Toledo International After 1.07% Gain

By Nick Russo

Mettler-Toledo International (NYSE:MTD) traded in a range yesterday that spanned from a low of $589.59 to a high of $597.41. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $589.90 on volume of 84,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Mettler-Toledo International share prices have moved between a 52-week high of $604.99 and a 52-week low of $275.30 and are now trading 116% above that low price at $593.40 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.95% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Mettler-Toledo International on November 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $428.46. Since that recommendation, shares of Mettler-Toledo International have risen 37.1%. We continue to monitor MTD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders mettler-toledo international

Ticker(s): MTD