After Yesterday's Rally of 1.27% Shares Could Potentially Pullback
Computer Sciences (NYSE:CSC) traded in a range yesterday that spanned from a low of $48.74 to a high of $49.77. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $49.50 on volume of 834,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Computer Sciences share prices have moved between a 52-week high of $51.10 and a 52-week low of $24.27 and are now trading 105% above that low price at $49.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.3%.
SmarTrend recommended that subscribers consider buying shares of Computer Sciences on March 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.88. Since that recommendation, shares of Computer Sciences have risen 44.6%. We continue to monitor CSC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders computer sciences