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Watch for Danaher Corp to Potentially Pullback After Gaining 1.24% Yesterday

By Nick Russo

Danaher Corp (NYSE:DHR) traded in a range yesterday that spanned from a low of $100.01 to a high of $100.67. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $99.76 on volume of 624,000 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 Danaher Corp and will alert subscribers who have DHR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Danaher Corp have traded between a low of $74.34 and a high of $104.82 and are now at $100.61, which is 35% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

Keywords: rebounders Danaher Corp

Ticker(s): DHR