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Look for Shares of Truecar Inc to Potentially Pullback after Yesterday's 17.48% Rise

By Amy Schwartz

Truecar Inc (NASDAQ:TRUE) traded in a range yesterday that spanned from a low of $11.55 to a high of $13.64. Yesterday, the shares gained 17.5%, which took the trading range above the 3-day high of $11.66 on volume of 3.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Truecar Inc share prices have moved between a 52-week high of $19.74 and a 52-week low of $8.75 and are now trading 53% above that low price at $13.37 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.8%.

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

Keywords: rebounders truecar inc

Ticker(s): TRUE