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After Yesterday's Rally of 1.27% Shares Could Potentially Pullback

By Shiri Gupta

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.

In the past 52 weeks, shares of Computer Sciences have traded between a low of $24.27 and a high of $51.10 and are now at $49.68, which is 105% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.4%.

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

Ticker(s): CSC