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Gain Capital Hol Rises 3.86% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Gain Capital Hol (NYSE:GCAP) traded in a range yesterday that spanned from a low of $7.27 to a high of $7.53. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $7.46 on volume of 88,000 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, Gain Capital Hol has traded in a range of $6.08 to $13.26 and is now at $7.53, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Gain Capital Hol and will alert subscribers who have GCAP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders gain capital hol

Ticker(s): GCAP