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SmarTrend Watching for Potential Pullback in Shares of Roper Technologi After 1.08% Gain

By Shiri Gupta

Roper Technologi (NYSE:ROP) traded in a range yesterday that spanned from a low of $373.61 to a high of $376.81. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $374.13 on volume of 99,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Roper Technologi on November 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $352.33. Since that recommendation, shares of Roper Technologi have risen 5.8%. We continue to monitor ROP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Roper Technologi has traded in a range of $268.62 to $385.51 and is now at $377.32, 40% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Keywords: rebounders roper technologi

Ticker(s): ROP