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After Yesterday's Rally of 3.42% Shares Could Potentially Pullback

By Shiri Gupta

Ncr Corp (NYSE:NCR) traded in a range yesterday that spanned from a low of $39.59 to a high of $40.80. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $40.31 on volume of 859,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ncr Corp share prices have moved between a 52-week high of $49.90 and a 52-week low of $25.20 and are now trading 58% above that low price at $39.82 per share. The 200-day and 50-day moving averages have moved 0.16% lower and 1.55% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ncr Corp on March 13th, 2017 by issuing a Downtrend alert when the shares were trading at $45.39. Since that call, shares of Ncr Corp have fallen 14.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders NCR Corp

Ticker(s): NCR