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Watch for Insulet Corp to Potentially Pullback After Gaining 1.99% Yesterday

By David Diaz

Insulet Corp (NASDAQ:PODD) traded in a range yesterday that spanned from a low of $205.62 to a high of $211.49. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $207.28 on volume of 52,000 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 Insulet Corp and will alert subscribers who have PODD in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Insulet Corp have traded between a low of $80.43 and a high of $211.49 and are now at $209.50, which is 160% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 1.6%.

Keywords: rebounders insulet corp

Ticker(s): PODD