• Return to Headlines

Watch for Cognex Corp to Potentially Pullback After Gaining 2.60% Yesterday

By Amy Schwartz

Cognex Corp (NASDAQ:CGNX) traded in a range yesterday that spanned from a low of $53.50 to a high of $54.51. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $53.43 on volume of 527,000 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 Cognex Corp on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.16. Since that recommendation, shares of Cognex Corp have risen 32.0%. We continue to monitor CGNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Cognex Corp have traded between a low of $34.88 and a high of $59.18 and are now at $54.46, which is 56% above that low price. The 200-day and 50-day moving averages have moved 0.27% higher and 2.60% higher over the past week, respectively.

Keywords: rebounders cognex corp

Ticker(s): CGNX