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Viasat Inc Rises 2.78% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Viasat Inc (NASDAQ:VSAT) traded in a range yesterday that spanned from a low of $72.14 to a high of $77.80. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $68.47 on volume of 128,000 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 Viasat Inc have traded between a low of $55.93 and a high of $94.67 and are now at $73.24, which is 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has remained constant.

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

Keywords: rebounders viasat inc

Ticker(s): VSAT