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After Yesterday's Rally of 23.06% Shares Could Potentially Pullback

By Amy Schwartz

Virtusa Corp (NASDAQ:VRTU) traded in a range yesterday that spanned from a low of $41.34 to a high of $44.01. Yesterday, the shares gained 23.1%, which took the trading range above the 3-day high of $40.25 on volume of 80,000 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 Virtusa Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Virtusa Corp in search of a potential trend change.

Virtusa Corp share prices have moved between a 52-week high of $57.00 and a 52-week low of $31.99 and are now trading 36% above that low price at $43.60 per share. The 200-day and 50-day moving averages have moved 0.32% lower and 0.78% higher over the past week, respectively.

Keywords: rebounders virtusa corp

Ticker(s): VRTU