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Watch for iRobot to Potentially Pullback After Gaining 1.00% Yesterday

By James Quinn

iRobot (NASDAQ:IRBT) traded in a range yesterday that spanned from a low of $59.17 to a high of $60.37. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $59.54 on volume of 209,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

iRobot share prices have moved between a 52-week high of $63.99 and a 52-week low of $16.25 and are now trading 269% above that low price at $59.98 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for iRobot and will alert subscribers who have IRBT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders iRobot

Ticker(s): IRBT