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Ringcentral In-A Rises 5.60% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Ringcentral In-A (NYSE:RNG) traded in a range yesterday that spanned from a low of $74.95 to a high of $78.70. Yesterday, the shares gained 5.6%, which took the trading range above the 3-day high of $76.00 on volume of 484,000 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 Ringcentral In-A have traded between a low of $34.10 and a high of $81.20 and are now at $78.43, which is 130% above that low price. The 200-day and 50-day moving averages have moved 0.89% higher and 0.61% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Ringcentral In-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ringcentral In-A in search of a potential trend change.

Keywords: rebounders ringcentral in-a

Ticker(s): RNG