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After Yesterday's Rally of 3.23% Shares Could Potentially Pullback

By David Diaz

Hertz Global (NYSE:HTZ) traded in a range yesterday that spanned from a low of $21.94 to a high of $22.75. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $22.40 on volume of 871,000 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, Hertz Global share prices have been bracketed by a low of $6.95 and a high of $53.14 and are now at $22.52, 224% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hertz Global on October 11th, 2016 by issuing a Downtrend alert when the shares were trading at $36.18. Since that call, shares of Hertz Global have fallen 39.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders hertz global

Ticker(s): HTZ