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SmarTrend Watching for Potential Pullback in Shares of Aci Worldwide In After 2.16% Gain

By Shiri Gupta

Aci Worldwide In (NASDAQ:ACIW) traded in a range yesterday that spanned from a low of $32.09 to a high of $32.96. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $31.96 on volume of 458,000 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 $24.02 to $35.86 and is now at $32.56, 36% above that low. The 200-day and 50-day moving averages have moved 0.06% higher and 0.67% lower over the past week, respectively.

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

Keywords: rebounders aci worldwide in

Ticker(s): ACIW