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SmarTrend Watching for Potential Pullback in Shares of Pool Corp After 1.71% Gain

By Amy Schwartz

Pool Corp (NASDAQ:POOL) traded in a range yesterday that spanned from a low of $184.49 to a high of $185.57. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $182.97 on volume of 116,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Pool Corp has traded in a range of $136.83 to $186.50 and is now at $184.49, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.

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

Keywords: rebounders pool corp

Ticker(s): POOL