CH Robinson Worldwide Set to Possibly Pullback After Yesterday's Rally of 1.13%
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[February 14, 2012]

CH Robinson Worldwide Set to Possibly Pullback After Yesterday's Rally of 1.13%

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- CH Robinson Worldwide (NASDAQ:CHRW) traded in a range yesterday that spanned from a low of $64.12 to a high of $65.48. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $64.71 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


CH Robinson Worldwide share prices have moved between a 52-week high of $82.61 and a 52-week low of $62.30 and are now trading 5% above that low price at $65.48 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in CH Robinson Worldwide. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CH Robinson Worldwide in search of a potential trend change.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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