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Lendingtree Inc Rises 1.76% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Lendingtree Inc (NASDAQ:TREE) traded in a range yesterday that spanned from a low of $337.51 to a high of $341.05. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $338.07 on volume of 77,000 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 Lendingtree Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $226.74. Since that recommendation, shares of Lendingtree Inc have risen 47.8%. We continue to monitor TREE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Lendingtree Inc has traded in a range of $183.25 to $391.40 and is now at $340.28, 86% above that low. The 200-day and 50-day moving averages have moved 0.50% higher and 3.00% higher over the past week, respectively.

Keywords: rebounders lendingtree inc

Ticker(s): TREE