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Accenture Plc-A Rises 1.68% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Accenture Plc-A (NYSE:ACN) traded in a range yesterday that spanned from a low of $152.08 to a high of $154.19. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $152.05 on volume of 925,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Accenture Plc-A has traded in a range of $108.66 to $165.58 and is now at $153.72, 41% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Accenture Plc-A on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $156.16. Since that call, shares of Accenture Plc-A have fallen 3.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders accenture plc-a

Ticker(s): ACN