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Look for Shares of Accenture Plc-A to Potentially Pullback after Yesterday's 1.68% Rise

By Shiri Gupta

Accenture Plc-A (NYSE:ACN) traded in a range yesterday that spanned from a low of $152.08 to a high of $154.19. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $152.05 on volume of 925,000 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, Accenture Plc-A share prices have been bracketed by a low of $108.66 and a high of $165.58 and are now at $153.72, 41% above that low price. The 200-day and 50-day moving averages have moved 0.25% higher and 1.04% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Accenture Plc-A on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $156.16. Since that call, shares of Accenture Plc-A have fallen 3.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders accenture plc-a

Ticker(s): ACN