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Look for Shares of Jacobs Engin Grp to Potentially Pullback after Yesterday's 1.20% Rise

By Amy Schwartz

Jacobs Engin Grp (NYSE:JEC) traded in a range yesterday that spanned from a low of $88.60 to a high of $90.64. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $90.07 on volume of 327,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Jacobs Engin Grp share prices have moved between a 52-week high of $94.10 and a 52-week low of $55.17 and are now trading 63% above that low price at $90.13 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Jacobs Engin Grp and will alert subscribers who have JEC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders jacobs engin grp

Ticker(s): JEC