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After Yesterday's Rally of 1.90% Shares Could Potentially Pullback

By David Diaz

Fleetcor Technol (NYSE:FLT) traded in a range yesterday that spanned from a low of $269.11 to a high of $272.79. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $271.09 on volume of 245,000 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 monitoring the recent change of momentum in Fleetcor Technol. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fleetcor Technol in search of a potential trend change.

Fleetcor Technol share prices have moved between a 52-week high of $276.89 and a 52-week low of $172.18 and are now trading 58% above that low price at $272.30 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Keywords: rebounders fleetcor technol

Ticker(s): FLT