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Watch for Praxair Inc to Potentially Pullback After Gaining 1.49% Yesterday

By Nick Russo

Praxair Inc (NYSE:PX) traded in a range yesterday that spanned from a low of $147.01 to a high of $148.97. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $147.76 on volume of 509,000 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 Praxair Inc and will alert subscribers who have PX in their portfolio or watchlist when shares have changed trend direction.

Praxair Inc share prices have moved between a 52-week high of $166.95 and a 52-week low of $106.31 and are now trading 40% above that low price at $148.79 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

Keywords: rebounders praxair inc

Ticker(s): PX