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Look for Shares of Alarm.Com Holdin to Potentially Pullback after Yesterday's 6.59% Rise

By Amy Schwartz

Alarm.Com Holdin (NASDAQ:ALRM) traded in a range yesterday that spanned from a low of $50.01 to a high of $56.06. Yesterday, the shares gained 6.6%, which took the trading range above the 3-day high of $47.75 on volume of 1.1 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 its subscribers protect gains by selling shares of Alarm.Com Holdin on October 5th, 2018 by issuing a Downtrend alert when the shares were trading at $51.53. Since that call, shares of Alarm.Com Holdin have fallen 8.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Alarm.Com Holdin has traded in a range of $33.39 to $60.20 and is now at $50.71, 52% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1%.

Keywords: rebounders alarm.com holdin

Ticker(s): ALRM