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After Yesterday's Rally of 1.84% Shares Could Potentially Pullback

By Nick Russo

Fleetcor Technol (NYSE:FLT) traded in a range yesterday that spanned from a low of $288.75 to a high of $295.18. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $294.22 on volume of 251,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Fleetcor Technol and will alert subscribers who have FLT in their portfolio or watchlist when shares have changed trend direction.

Fleetcor Technol share prices have moved between a 52-week high of $304.65 and a 52-week low of $172.18 and are now trading 71% above that low price at $294.67 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.9%.

Keywords: rebounders fleetcor technol

Ticker(s): FLT