[June 06, 2013] After Yesterday's Rally of 6.36% Shares Could Potentially Pullback Tweet Jun 06, 2013 (SmarTrend(R) News Watch via COMTEX) -- Infinera (NASDAQ:INFN) traded in a range yesterday that spanned from a low of $10.72 to a high of $11.25. Yesterday, the shares gained 6.4%, which took the trading range above the 3-day high of $10.81 on volume of 3.6 million 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, Infinera share prices have been bracketed by a low of $4.33 and a high of $11.25 and are now at $11.21, 159% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has risen 1.1%. SmarTrend recommended that subscribers consider buying shares of Infinera on April 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.15. Since that recommendation, shares of Infinera have risen 29.3%. We continue to monitor INFN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]