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Watch for Iron Mountain to Potentially Pullback After Gaining 1.23% Yesterday

By David Diaz

Iron Mountain (NYSE:IRM) traded in a range yesterday that spanned from a low of $31.49 to a high of $32.03. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $31.85 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Iron Mountain share prices have been bracketed by a low of $30.22 and a high of $37.32 and are now at $32.03, 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Iron Mountain on April 25th, 2019 by issuing a Downtrend alert when the shares were trading at $33.55. Since that call, shares of Iron Mountain have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Iron Mountain

Ticker(s): IRM