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Look for Shares of Aspen Technology to Potentially Pullback after Yesterday's 7.10% Rise

By David Diaz

Aspen Technology (NASDAQ:AZPN) traded in a range yesterday that spanned from a low of $53.51 to a high of $61.25. Yesterday, the shares gained 7.1%, which took the trading range above the 3-day high of $57.98 on volume of 816,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Aspen Technology and will alert subscribers who have AZPN in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Aspen Technology have traded between a low of $37.39 and a high of $64.34 and are now at $60.94, which is 63% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

Keywords: rebounders aspen technology

Ticker(s): AZPN