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Stamps.Com Inc Rises 26.53% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Stamps.Com Inc (NASDAQ:STMP) traded in a range yesterday that spanned from a low of $90.73 to a high of $97.50. Yesterday, the shares gained 26.5%, which took the trading range above the 3-day high of $88.34 on volume of 680,000 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, Stamps.Com Inc has traded in a range of $32.54 to $207.25 and is now at $94.86, 192% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has advanced 2.2%.

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

Keywords: rebounders stamps.com inc

Ticker(s): STMP