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Watch for K2M Group Holdin to Potentially Pullback After Gaining 2.02% Yesterday

By Nick Russo

K2M Group Holdin (NASDAQ:KTWO) traded in a range yesterday that spanned from a low of $27.46 to a high of $27.50. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $27.00 on volume of 11.6 million 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 K2M Group Holdin on August 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.43. Since that recommendation, shares of K2M Group Holdin have risen 20.1%. We continue to monitor KTWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, K2M Group Holdin share prices have been bracketed by a low of $16.44 and a high of $27.50 and are now at $27.49, 67% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

Keywords: rebounders k2m group holdin

Ticker(s): KTWO