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

By David Diaz

Ansys Inc (NASDAQ:ANSS) traded in a range yesterday that spanned from a low of $165.61 to a high of $167.19. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $165.02 on volume of 156,000 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, Ansys Inc has traded in a range of $136.80 to $190.45 and is now at $166.20, 21% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 0.16% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ansys Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $150.09. Since that recommendation, shares of Ansys Inc have risen 9.5%. We continue to monitor ANSS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ansys inc

Ticker(s): ANSS