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Watch for Medical Properti to Potentially Pullback After Gaining 2.37% Yesterday

By Shiri Gupta

Medical Properti (NYSE:MPW) traded in a range yesterday that spanned from a low of $12.76 to a high of $12.98. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $12.76 on volume of 1.6 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 is tracking the current trend status for Medical Properti and will alert subscribers who have MPW in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Medical Properti has traded in a range of $11.54 to $15.91 and is now at $12.95, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.8%.

Keywords: rebounders medical properti

Ticker(s): MPW