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Look for Shares of Engility Holding to Potentially Pullback after Yesterday's 10.59% Rise

By Nick Russo

Engility Holding (NYSE:EGL) traded in a range yesterday that spanned from a low of $30.40 to a high of $32.86. Yesterday, the shares gained 10.6%, which took the trading range above the 3-day high of $31.80 on volume of 160,000 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 its subscribers protect gains by selling shares of Engility Holding on October 11th, 2018 by issuing a Downtrend alert when the shares were trading at $32.50. Since that call, shares of Engility Holding have fallen 8.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Engility Holding has traded in a range of $21.19 to $38.54 and is now at $32.79, 55% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has risen 0.2%.

Keywords: rebounders engility holding

Ticker(s): EGL