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After Yesterday's Rally of 2.24% Shares Could Potentially Pullback

By James Quinn

Tripadvisor Inc (NASDAQ:TRIP) traded in a range yesterday that spanned from a low of $45.77 to a high of $46.53. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $46.35 on volume of 360,000 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, shares of Tripadvisor Inc have traded between a low of $42.01 and a high of $69.00 and are now at $46.52, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tripadvisor Inc on February 26th, 2019 by issuing a Downtrend alert when the shares were trading at $52.92. Since that call, shares of Tripadvisor Inc have fallen 14.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders tripadvisor inc

Ticker(s): TRIP