After Yesterday's Rally of 1.13% Shares Could Potentially Pullback
Total System Services (NYSE:TSS) traded in a range yesterday that spanned from a low of $47.08 to a high of $47.79. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $47.74 on volume of 296,000 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 its subscribers protect gains by selling shares of Total System Services on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $49.17. Since that call, shares of Total System Services have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Over the past year, Total System Services has traded in a range of $37.47 to $56.69 and is now at $47.22, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.
Keywords: rebounders total system services