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Watch for Catalent Inc to Potentially Pullback After Gaining 1.75% Yesterday

By Amy Schwartz

Catalent Inc (NYSE:CTLT) traded in a range yesterday that spanned from a low of $45.54 to a high of $46.08. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $45.78 on volume of 239,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, Catalent Inc share prices have been bracketed by a low of $29.23 and a high of $47.04 and are now at $46.01, 57% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders catalent inc

Ticker(s): CTLT