Celera (NYSE:CRA) traded in a range yesterday that spanned from a low of $6.71 to a high of $7.03. Yesterday, the shares gained 0.14%, which took the trading range above the 3-day high of $6.95 on volume of 157,000 shares.Shares of Celera are currently trading above their 200-day moving average (MA) of $6.69 and should find resistance at their 50-day MA of $7.20. Look for these MAs to provide support for a short-term pullback in the shares.
SmarTrend is bullish on shares of Celera and our subscribers were alerted to Buy on March 12, 2010 at $6.93. The stock has risen 0.4% since the alert was issued.
SmarTrend has the shares in an Uptrend and expects the share price to pullback toward the $6.95 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Medical Laboratories & Research industry.
http://www.mysmartrend.com/tickers/cra
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