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Watch for Ch Robinson to Potentially Pullback After Gaining 2.37% Yesterday

By James Quinn

Ch Robinson (NASDAQ:CHRW) traded in a range yesterday that spanned from a low of $85.78 to a high of $87.87. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $86.96 on volume of 649,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ch Robinson has traded in a range of $63.41 to $100.18 and is now at $87.63, 38% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Ch Robinson on May 1st, 2018 by issuing a Downtrend alert when the shares were trading at $91.15. Since that call, shares of Ch Robinson have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ch robinson

Ticker(s): CHRW