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After Yesterday's Rally of 2.87% Shares Could Potentially Pullback

By Nick Russo

Spirit Aerosys-A (NYSE:SPR) traded in a range yesterday that spanned from a low of $77.17 to a high of $79.01. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $76.69 on volume of 672,000 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 monitoring the recent change of momentum in Spirit Aerosys-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Spirit Aerosys-A in search of a potential trend change.

In the past 52 weeks, shares of Spirit Aerosys-A have traded between a low of $64.48 and a high of $100.34 and are now at $78.50, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.2%.

Keywords: rebounders spirit aerosys-a

Ticker(s): SPR