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Watch for Tivo Corp to Potentially Pullback After Gaining 3.09% Yesterday

By James Quinn

Tivo Corp (NASDAQ:TIVO) traded in a range yesterday that spanned from a low of $7.84 to a high of $8.07. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $7.88 on volume of 117,000 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, shares of Tivo Corp have traded between a low of $6.61 and a high of $11.78 and are now at $8.01, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.3%.

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

Keywords: rebounders tivo corp

Ticker(s): TIVO