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After Yesterday's Rally of 1.26% Shares Could Potentially Pullback

By David Diaz

Convergys Corp (NYSE:CVG) traded in a range yesterday that spanned from a low of $24.62 to a high of $25.04. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $24.73 on volume of 2.5 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, shares of Convergys Corp have traded between a low of $21.13 and a high of $26.72 and are now at $25.00, which is 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Convergys Corp and will alert subscribers who have CVG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders convergys corp

Ticker(s): CVG