• Return to Headlines

After Yesterday's Rally of 8.82% Shares Could Potentially Pullback

By James Quinn

Envestnet Inc (NYSE:ENV) traded in a range yesterday that spanned from a low of $63.50 to a high of $65.93. Yesterday, the shares gained 8.8%, which took the trading range above the 3-day high of $63.83 on volume of 195,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Envestnet Inc has traded in a range of $46.57 to $73.94 and is now at $64.52, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

Keywords: rebounders envestnet inc

Ticker(s): ENV