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New Relic Inc Rises 4.29% on Heavy Volume: Watch For Potential Pullback

By James Quinn

New Relic Inc (NYSE:NEWR) traded in a range yesterday that spanned from a low of $104.24 to a high of $109.17. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $106.53 on volume of 373,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of New Relic Inc have traded between a low of $42.69 and a high of $111.59 and are now at $108.66, which is 155% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 2.2%.

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

Keywords: rebounders new relic inc

Ticker(s): NEWR