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SmarTrend Watching for Potential Pullback in Shares of Shutterfly Inc After 4.27% Gain

By Shiri Gupta

Shutterfly Inc (NASDAQ:SFLY) traded in a range yesterday that spanned from a low of $45.30 to a high of $47.42. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $45.99 on volume of 911,000 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 Shutterfly Inc have traded between a low of $35.08 and a high of $100.34 and are now at $47.42, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.5%.

SmarTrend is monitoring the recent change of momentum in Shutterfly Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Shutterfly Inc in search of a potential trend change.

Keywords: rebounders shutterfly inc

Ticker(s): SFLY