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After Yesterday's Rally of 1.97% Shares Could Potentially Pullback

By Amy Schwartz

Ii-Vi Inc (NASDAQ:IIVI) traded in a range yesterday that spanned from a low of $28.52 to a high of $29.24. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $28.96 on volume of 195,000 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 Ii-Vi Inc and will alert subscribers who have IIVI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Ii-Vi Inc share prices have been bracketed by a low of $19.00 and a high of $41.10 and are now at $29.04, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.5%.

Keywords: rebounders ii-vi inc

Ticker(s): IIVI