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After Yesterday's Rally of 17.88% Shares Could Potentially Pullback

By Shiri Gupta

Ca Inc (NASDAQ:CA) traded in a range yesterday that spanned from a low of $43.85 to a high of $44.00. Yesterday, the shares gained 17.9%, which took the trading range above the 3-day high of $37.25 on volume of 53.7 million 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, Ca Inc has traded in a range of $30.45 to $44.00 and is now at $43.90, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Ca Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ca Inc in search of a potential trend change.

Keywords: rebounders ca inc

Ticker(s): CA