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After Yesterday's Rally of 7.08% Shares Could Potentially Pullback

By Amy Schwartz

Euronet Worldwide (NASDAQ:EEFT) traded in a range yesterday that spanned from a low of $75.10 to a high of $78.17. Yesterday, the shares gained 7.1%, which took the trading range above the 3-day high of $73.20 on volume of 982,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Euronet Worldwide has traded in a range of $52.00 to $82.49 and is now at $77.72, 49% above that low. The 200-day and 50-day moving averages have moved 0.29% higher and 1.20% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Euronet Worldwide and will alert subscribers who have EEFT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders euronet worldwide

Ticker(s): EEFT