• Return to Headlines

After Yesterday's Rally of 3.35% Shares Could Potentially Pullback

By Shiri Gupta

Medidata Solutio (NASDAQ:MDSO) traded in a range yesterday that spanned from a low of $70.87 to a high of $75.00. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $70.26 on volume of 977,000 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, Medidata Solutio share prices have been bracketed by a low of $41.65 and a high of $88.87 and are now at $71.41, 71% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Medidata Solutio on September 12th, 2018 by issuing a Downtrend alert when the shares were trading at $79.22. Since that call, shares of Medidata Solutio have fallen 12.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders medidata solutio

Ticker(s): MDSO