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After Yesterday's Rally of 1.99% Shares Could Potentially Pullback

By Shiri Gupta

Nielsen Holdings (NYSE:NLSN) traded in a range yesterday that spanned from a low of $32.43 to a high of $33.05. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $32.68 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Nielsen Holdings share prices have moved between a 52-week high of $55.94 and a 52-week low of $30.64 and are now trading 8% above that low price at $33.01 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 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nielsen Holdings on October 25th, 2017 by issuing a Downtrend alert when the shares were trading at $38.29. Since that call, shares of Nielsen Holdings have fallen 15.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders nielsen holdings

Ticker(s): NLSN