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After Yesterday's Rally of 3.07% Shares Could Potentially Pullback

By David Diaz

Hubspot Inc (AMEX:HUBS) traded in a range yesterday that spanned from a low of $103.60 to a high of $109.30. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $106.50 on volume of 261,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Hubspot Inc has traded in a range of $41.63 to $108.85 and is now at $108.45, 161% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Hubspot Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hubspot Inc in search of a potential trend change.

Keywords: rebounders amex:hubs hubspot inc

Ticker(s): HUBS