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Premier Inc-Cl A Set to Possibly Pullback After Yesterday's Rally of 3.20%

By David Diaz

Premier Inc-Cl A (NASDAQ:PINC) traded in a range yesterday that spanned from a low of $38.39 to a high of $39.28. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $38.53 on volume of 180,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Premier Inc-Cl A and will alert subscribers who have PINC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Premier Inc-Cl A have traded between a low of $27.37 and a high of $42.00 and are now at $38.72, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders premier inc-cl a

Ticker(s): PINC