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After Yesterday's Rally of 1.55% Shares Could Potentially Pullback

By Shiri Gupta

Lendingtree Inc (NASDAQ:TREE) traded in a range yesterday that spanned from a low of $356.04 to a high of $361.12. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $352.16 on volume of 91,000 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 Lendingtree Inc have traded between a low of $183.25 and a high of $370.00 and are now at $360.00, which is 96% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.7% while the 200-day MA has risen 0.7%.

SmarTrend recommended that subscribers consider buying shares of Lendingtree Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $226.74. Since that recommendation, shares of Lendingtree Inc have risen 55.0%. We continue to monitor TREE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders lendingtree inc

Ticker(s): TREE