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After Yesterday's Rally of 8.50% Shares Could Potentially Pullback

By David Diaz

Ringcentral In-A (NYSE:RNG) traded in a range yesterday that spanned from a low of $35.30 to a high of $43.05. Yesterday, the shares gained 8.5%, which took the trading range above the 3-day high of $35.95 on volume of 2.2 million 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 Ringcentral In-A have traded between a low of $18.54 and a high of $43.05 and are now at $39.45, which is 113% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Ringcentral In-A and will alert subscribers who have RNG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ringcentral in-a

Ticker(s): RNG