After Yesterday's Rally of 1.28% Shares Could Potentially Pullback
Advisory Board (NASDAQ:ABCO) traded in a range yesterday that spanned from a low of $34.82 to a high of $35.76. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $35.53 on volume of 339,000 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, Advisory Board share prices have been bracketed by a low of $18.87 and a high of $60.38 and are now at $35.61, 89% above that low price. The 200-day and 50-day moving averages have moved 1.27% lower and 0.97% lower over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Advisory Board on March 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.59. Since that recommendation, shares of Advisory Board have risen 14.9%. We continue to monitor ABCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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