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Ryanair Holdings Set to Possibly Pullback After Yesterday's Rally of 1.76%

By Amy Schwartz

Ryanair Holdings (NASDAQ:RYAAY) traded in a range yesterday that spanned from a low of $109.58 to a high of $110.59. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $109.64 on volume of 441,000 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, Ryanair Holdings share prices have been bracketed by a low of $59.86 and a high of $110.59 and are now at $110.25, 84% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of Ryanair Holdings on March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.03. Since that recommendation, shares of Ryanair Holdings have risen 27.6%. We continue to monitor RYAAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ryanair holdings

Ticker(s): RYAAY