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Stratasys Ltd Rises 12.03% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Stratasys Ltd (NASDAQ:SSYS) traded in a range yesterday that spanned from a low of $15.80 to a high of $17.34. Yesterday, the shares gained 12.0%, which took the trading range above the 3-day high of $16.99 on volume of 687,000 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 Stratasys Ltd and will alert subscribers who have SSYS in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Stratasys Ltd have traded between a low of $12.18 and a high of $30.60 and are now at $17.11, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.5%.

Keywords: rebounders stratasys ltd

Ticker(s): SSYS