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After Yesterday's Rally of 4.51% Shares Could Potentially Pullback

By James Quinn

World Acceptance (NASDAQ:WRLD) traded in a range yesterday that spanned from a low of $88.75 to a high of $96.10. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $88.45 on volume of 290,000 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, shares of World Acceptance have traded between a low of $39.90 and a high of $96.10 and are now at $91.00, which is 128% above that low price. The 200-day and 50-day moving averages have moved 0.85% lower and 2.24% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of World Acceptance on November 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.01. Since that recommendation, shares of World Acceptance have risen 9.8%. We continue to monitor WRLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders world acceptance

Ticker(s): WRLD