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Watch for Catalent Inc to Potentially Pullback After Gaining 1.85% Yesterday

By Nick Russo

Catalent Inc (NYSE:CTLT) traded in a range yesterday that spanned from a low of $61.71 to a high of $68.78. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $63.36 on volume of 629,000 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 Catalent Inc and will alert subscribers who have CTLT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Catalent Inc has traded in a range of $35.53 to $68.78 and is now at $62.25, 75% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.3%.

Keywords: rebounders catalent inc

Ticker(s): CTLT