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After Yesterday's Rally of 1.44% Shares Could Potentially Pullback

By James Quinn

Alliance Data Systems (NYSE:ADS) traded in a range yesterday that spanned from a low of $250.94 to a high of $254.94. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $253.30 on volume of 248,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Alliance Data Systems has traded in a range of $176.63 to $307.78 and is now at $253.65, 44% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of Alliance Data Systems on February 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $235.40. Since that recommendation, shares of Alliance Data Systems have risen 6.6%. We continue to monitor ADS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders alliance data systems

Ticker(s): ADS