Look for Shares of Kennametal to Potentially Pullback after Yesterday's 1.32% Rise
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[February 14, 2012]

Look for Shares of Kennametal to Potentially Pullback after Yesterday's 1.32% Rise

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Kennametal (NYSE:KMT) traded in a range yesterday that spanned from a low of $44.73 to a high of $46.00. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $45.44 on volume of 816,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


Over the past year, Kennametal has traded in a range of $29.30 to $46.21 and is now at $45.96, 57% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Kennametal on January 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.01. Since that recommendation, shares of Kennametal have risen 19.3%. We continue to monitor KMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.


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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