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After Yesterday's Rally of 2.89% Shares Could Potentially Pullback

By Amy Schwartz

Truecar Inc (NASDAQ:TRUE) traded in a range yesterday that spanned from a low of $11.32 to a high of $11.76. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $11.43 on volume of 1.4 million 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, Truecar Inc share prices have been bracketed by a low of $8.75 and a high of $21.75 and are now at $11.70, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Truecar Inc and will alert subscribers who have TRUE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders truecar inc

Ticker(s): TRUE