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Ctrip.com International Rises 1.19% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Ctrip.com International (NASDAQ:CTRP) traded in a range yesterday that spanned from a low of $48.92 to a high of $49.90. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $49.66 on volume of 1.8 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 Ctrip.com International have traded between a low of $27.25 and a high of $57.36 and are now at $49.66, which is 82% above that low price. The 200-day and 50-day moving averages have moved 0.37% higher and 0.42% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ctrip.com International on January 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.13. Since that recommendation, shares of Ctrip.com International have risen 13.8%. We continue to monitor CTRP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ctrip.com international

Ticker(s): CTRP