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Watch for Power Integratio to Potentially Pullback After Gaining 4.22% Yesterday

By David Diaz

Power Integratio (NASDAQ:POWI) traded in a range yesterday that spanned from a low of $88.00 to a high of $91.68. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $90.80 on volume of 267,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Power Integratio has traded in a range of $47.35 to $102.38 and is now at $91.17, 93% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.3%.

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

Keywords: rebounders power integratio

Ticker(s): POWI