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SmarTrend Watching for Potential Pullback in Shares of Praxair Inc After 1.36% Gain

By Nick Russo

Praxair Inc (NYSE:PX) traded in a range yesterday that spanned from a low of $157.29 to a high of $158.82. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $157.69 on volume of 276,000 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 Praxair Inc have traded between a low of $132.49 and a high of $168.54 and are now at $158.66, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.04% lower over the past week, respectively.

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

Keywords: rebounders praxair inc

Ticker(s): PX