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Stericycle Inc Set to Possibly Pullback After Yesterday's Rally of 1.41%

By Amy Schwartz

Stericycle Inc (NASDAQ:SRCL) traded in a range yesterday that spanned from a low of $67.48 to a high of $68.19. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $67.41 on volume of 490,000 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 subscribers consider buying shares of Stericycle Inc on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.77. Since that recommendation, shares of Stericycle Inc have risen 5.4%. We continue to monitor SRCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Stericycle Inc have traded between a low of $56.64 and a high of $83.25 and are now at $68.12, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Keywords: rebounders stericycle inc

Ticker(s): SRCL