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SmarTrend Watching for Potential Pullback in Shares of Zebra Tech Corp After 2.77% Gain

By Nick Russo

Zebra Tech Corp (NASDAQ:ZBRA) traded in a range yesterday that spanned from a low of $187.95 to a high of $191.26. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $190.83 on volume of 422,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Zebra Tech Corp share prices have moved between a 52-week high of $236.45 and a 52-week low of $130.79 and are now trading 46% above that low price at $191.26 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Zebra Tech Corp on April 30th, 2019 by issuing a Downtrend alert when the shares were trading at $218.19. Since that call, shares of Zebra Tech Corp have fallen 15.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders zebra tech corp

Ticker(s): ZBRA