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Accenture Plc-A Rises 1.22% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Accenture Plc-A (NYSE:ACN) traded in a range yesterday that spanned from a low of $165.80 to a high of $166.83. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $165.82 on volume of 1.2 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, Accenture Plc-A share prices have been bracketed by a low of $132.63 and a high of $175.64 and are now at $166.83, 26% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 1.26% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Accenture Plc-A on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $150.26. Since that recommendation, shares of Accenture Plc-A have risen 9.7%. We continue to monitor ACN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders accenture plc-a

Ticker(s): ACN