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SmarTrend Watching for Potential Pullback in Shares of Roper Technologi After 1.68% Gain

By Amy Schwartz

Roper Technologi (NYSE:ROP) traded in a range yesterday that spanned from a low of $277.34 to a high of $282.04. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $281.63 on volume of 121,000 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 Roper Technologi have traded between a low of $226.81 and a high of $292.97 and are now at $281.74, which is 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

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

Keywords: rebounders roper technologi

Ticker(s): ROP