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Watch for The Buckle Inc to Potentially Pullback After Gaining 2.09% Yesterday

By Shiri Gupta

The Buckle Inc (NYSE:BKE) traded in a range yesterday that spanned from a low of $20.67 to a high of $21.88. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $21.21 on volume of 605,000 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 The Buckle Inc on August 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.17. Since that recommendation, shares of The Buckle Inc have risen 9.9%. We continue to monitor BKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, The Buckle Inc has traded in a range of $14.81 to $24.00 and is now at $21.46, 45% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

Keywords: rebounders the buckle inc

Ticker(s): BKE