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After Yesterday's Rally of 5.34% Shares Could Potentially Pullback

By Amy Schwartz

Hubspot Inc (NYSE:HUBS) traded in a range yesterday that spanned from a low of $189.49 to a high of $192.18. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $182.50 on volume of 329,000 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, Hubspot Inc share prices have been bracketed by a low of $106.95 and a high of $192.18 and are now at $192.18, 80% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Hubspot Inc on March 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $171.94. Since that recommendation, shares of Hubspot Inc have risen 5.7%. We continue to monitor HUBS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hubspot inc

Ticker(s): HUBS