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After Yesterday's Rally of 4.21% Shares Could Potentially Pullback

By Shiri Gupta

Ringcentral In-A (NYSE:RNG) traded in a range yesterday that spanned from a low of $123.76 to a high of $124.19. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $120.60 on volume of 490,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Ringcentral In-A on April 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.02. Since that recommendation, shares of Ringcentral In-A have risen 8.3%. We continue to monitor RNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Ringcentral In-A share prices have been bracketed by a low of $64.41 and a high of $124.19 and are now at $124.16, 93% above that low price. The 200-day and 50-day moving averages have moved 0.59% higher and 0.72% higher over the past week, respectively.

Keywords: rebounders ringcentral in-a

Ticker(s): RNG