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Charles River La Set to Possibly Pullback After Yesterday's Rally of 1.09%

By Amy Schwartz

Charles River La (NYSE:CRL) traded in a range yesterday that spanned from a low of $131.25 to a high of $133.51. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $132.03 on volume of 58,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Charles River La share prices have moved between a 52-week high of $149.07 and a 52-week low of $103.00 and are now trading 29% above that low price at $133.21 per share. The 200-day and 50-day moving averages have moved 0.09% higher and 0.6% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Charles River La and will alert subscribers who have CRL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders charles river la

Ticker(s): CRL