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Stamps.Com Inc Rises 4.13% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Stamps.Com Inc (NASDAQ:STMP) traded in a range yesterday that spanned from a low of $38.68 to a high of $40.53. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $39.19 on volume of 321,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Stamps.Com Inc on February 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $88.37. Since that call, shares of Stamps.Com Inc have fallen 56.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Stamps.Com Inc share prices have moved between a 52-week high of $285.75 and a 52-week low of $32.54 and are now trading 24% above that low price at $40.41 per share. The 200-day and 50-day moving averages have moved 1.97% lower and 4.11% lower over the past week, respectively.

Keywords: rebounders stamps.com inc

Ticker(s): STMP