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After Yesterday's Rally of 2.51% Shares Could Potentially Pullback

By David Diaz

Burlington Store (NYSE:BURL) traded in a range yesterday that spanned from a low of $175.94 to a high of $185.00. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $179.47 on volume of 476,000 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 Burlington Store have traded between a low of $105.67 and a high of $250.89 and are now at $179.91, which is 70% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2%.

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

Keywords: rebounders burlington store

Ticker(s): BURL