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After Yesterday's Rally of 1.39% Shares Could Potentially Pullback

By David Diaz

Alliance Data (NYSE:ADS) traded in a range yesterday that spanned from a low of $222.07 to a high of $235.38. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $227.91 on volume of 633,000 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 Alliance Data have traded between a low of $192.02 and a high of $278.33 and are now at $229.88, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Alliance Data on May 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $209.04. Since that recommendation, shares of Alliance Data have risen 8.3%. We continue to monitor ADS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders alliance data

Ticker(s): ADS