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After Yesterday's Rally of 1.00% Shares Could Potentially Pullback

By David Diaz

Transunion (NYSE:TRU) traded in a range yesterday that spanned from a low of $46.27 to a high of $46.79. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $46.51 on volume of 498,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Transunion share prices have moved between a 52-week high of $46.74 and a 52-week low of $28.92 and are now trading 61% above that low price at $46.59 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Transunion on January 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.44. Since that recommendation, shares of Transunion have risen 47.4%. We continue to monitor TRU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders transunion

Ticker(s): TRU