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Guidewire Softwa Set to Possibly Pullback After Yesterday's Rally of 3.28%

By Shiri Gupta

Guidewire Softwa (NYSE:GWRE) traded in a range yesterday that spanned from a low of $102.95 to a high of $106.31. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $103.22 on volume of 702,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Guidewire Softwa share prices have moved between a 52-week high of $106.25 and a 52-week low of $70.06 and are now trading 52% above that low price at $106.18 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Guidewire Softwa on August 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.92. Since that recommendation, shares of Guidewire Softwa have risen 11.9%. We continue to monitor GWRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders guidewire softwa

Ticker(s): GWRE