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Stericycle Rises 1.97% on Heavy Volume: Watch For Potential Pullback
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.
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.
Stericycle share prices have moved between a 52-week high of $95.71 and a 52-week low of $73.05 and are now trading 20% above that low price at $87.94 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
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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