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New Relic Inc Set to Possibly Pullback After Yesterday's Rally of 2.65%

By Amy Schwartz

New Relic Inc (NYSE:NEWR) traded in a range yesterday that spanned from a low of $99.53 to a high of $102.25. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $100.14 on volume of 357,000 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 $68.89 and a high of $114.78 and are now at $101.97, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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