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Korn/Ferry Intl Rises 13.25% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Korn/Ferry Intl (NYSE:KFY) traded in a range yesterday that spanned from a low of $63.25 to a high of $68.34. Yesterday, the shares gained 13.2%, which took the trading range above the 3-day high of $57.78 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Korn/Ferry Intl on February 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.54. Since that recommendation, shares of Korn/Ferry Intl have risen 32.9%. We continue to monitor KFY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Korn/Ferry Intl share prices have been bracketed by a low of $31.53 and a high of $68.34 and are now at $64.66, 105% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.6%.

Keywords: rebounders korn/ferry intl

Ticker(s): KFY