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After Yesterday's Rally of 1.97% Shares Could Potentially Pullback

By Nick Russo

Healthequity Inc (NASDAQ:HQY) traded in a range yesterday that spanned from a low of $93.18 to a high of $95.58. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $94.77 on volume of 189,000 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, Healthequity Inc share prices have been bracketed by a low of $40.21 and a high of $99.99 and are now at $95.08, 136% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Healthequity Inc on August 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.58. Since that recommendation, shares of Healthequity Inc have risen 13.1%. We continue to monitor HQY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders healthequity inc

Ticker(s): HQY