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After Yesterday's Rally of 1.05% Shares Could Potentially Pullback

By James Quinn

Gartner (NYSE:IT) traded in a range yesterday that spanned from a low of $113.46 to a high of $114.82. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $114.47 on volume of 210,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Gartner on February 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.44. Since that recommendation, shares of Gartner have risen 9.9%. We continue to monitor IT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Gartner have traded between a low of $77.80 and a high of $116.48 and are now at $114.57, which is 47% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders gartner

Ticker(s): IT