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Etsy Inc Rises 2.81% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Etsy Inc (NASDAQ:ETSY) traded in a range yesterday that spanned from a low of $42.23 to a high of $43.28. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $42.40 on volume of 835,000 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, shares of Etsy Inc have traded between a low of $8.56 and a high of $43.28 and are now at $43.01, which is 403% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.5%.

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

Keywords: rebounders etsy inc

Ticker(s): ETSY