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SmarTrend Watching for Potential Pullback in Shares of Acxiom Corp After 1.48% Gain

By Shiri Gupta

Acxiom Corp (NASDAQ:ACXM) traded in a range yesterday that spanned from a low of $41.29 to a high of $42.33. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $41.39 on volume of 801,000 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, Acxiom Corp share prices have been bracketed by a low of $18.60 and a high of $42.33 and are now at $41.82, 125% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 3.9%.

SmarTrend recommended that subscribers consider buying shares of Acxiom Corp on May 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.87. Since that recommendation, shares of Acxiom Corp have risen 48.2%. We continue to monitor ACXM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders acxiom corp

Ticker(s): ACXM