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After Yesterday's Rally of 2.12% Shares Could Potentially Pullback

By David Diaz

Irobot Corp (NASDAQ:IRBT) traded in a range yesterday that spanned from a low of $48.51 to a high of $51.23. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $50.99 on volume of 352,000 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 Irobot Corp and will alert subscribers who have IRBT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Irobot Corp has traded in a range of $32.79 to $109.78 and is now at $51.10, 56% above that low. The 200-day and 50-day moving averages have moved 1.85% lower and 0.06% higher over the past week, respectively.

Keywords: rebounders irobot corp

Ticker(s): IRBT