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After Yesterday's Rally of 1.61% Shares Could Potentially Pullback

By Shiri Gupta

Keysight Tec (NYSE:KEYS) traded in a range yesterday that spanned from a low of $74.62 to a high of $75.45. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $74.07 on volume of 488,000 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, Keysight Tec share prices have been bracketed by a low of $42.13 and a high of $75.45 and are now at $75.21, 79% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Keysight Tec on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.27. Since that recommendation, shares of Keysight Tec have risen 17.0%. We continue to monitor KEYS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders keysight tec

Ticker(s): KEYS