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SmarTrend Watching for Potential Pullback in Shares of Stericycle After 1.97% Gain
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Stericycle (NASDAQ:SRCL) traded in a range yesterday that spanned from a low of $85.88 to a high of $88.05. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $86.18 on volume of 680,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Stericycle share prices have been bracketed by a low of $73.05 and a high of $95.71 and are now at $87.94, 20% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.48% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Stericycle on December 1st, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.18. Since that recommendation, shares of Stericycle have risen 6.2%. We continue to monitor SRCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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