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Nielsen Holdings Rises 1.23% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Nielsen Holdings (NYSE:NLSN) traded in a range yesterday that spanned from a low of $22.86 to a high of $23.08. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $22.93 on volume of 490,000 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 Nielsen Holdings on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $23.58. Since that call, shares of Nielsen Holdings have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Nielsen Holdings have traded between a low of $20.53 and a high of $32.07 and are now at $23.08, which is 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

Keywords: rebounders nielsen holdings

Ticker(s): NLSN