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Watch for Haemonetics Corp to Potentially Pullback After Gaining 1.89% Yesterday

By Nick Russo

Haemonetics Corp (NYSE:HAE) traded in a range yesterday that spanned from a low of $109.04 to a high of $110.24. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $109.20 on volume of 163,000 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 Haemonetics Corp on May 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.64. Since that recommendation, shares of Haemonetics Corp have risen 20.6%. We continue to monitor HAE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Haemonetics Corp share prices have been bracketed by a low of $80.23 and a high of $117.56 and are now at $110.21, 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

Keywords: rebounders haemonetics corp

Ticker(s): HAE