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TMCNet:  Look for Shares of Baxter International to Potentially Pullback after Yesterday's 1.37% Rise

[November 13, 2012]

Look for Shares of Baxter International to Potentially Pullback after Yesterday's 1.37% Rise

Nov 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- Baxter International (NYSE:BAX) traded in a range yesterday that spanned from a low of $64.44 to a high of $66.36. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $65.86 on volume of 4.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


Baxter International share prices have moved between a 52-week high of $66.71 and a 52-week low of $47.55 and are now trading 39% above that low price at $65.91 per share. The 200-day and 50-day moving averages have moved 0.33% higher and 0.59% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Baxter International on June 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.71. Since that recommendation, shares of Baxter International have risen 23.4%. We continue to monitor BAX 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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