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SmarTrend Watching for Potential Pullback in Shares of Aci Worldwide In After 11.00% Gain

By Shiri Gupta

Aci Worldwide In (NASDAQ:ACIW) traded in a range yesterday that spanned from a low of $28.25 to a high of $30.00. Yesterday, the shares gained 11.0%, which took the trading range above the 3-day high of $26.23 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Aci Worldwide In has traded in a range of $20.23 to $30.00 and is now at $29.05, 44% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Aci Worldwide In on October 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $26.95. Since that call, shares of Aci Worldwide In have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders aci worldwide in

Ticker(s): ACIW