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SmarTrend Watching for Potential Pullback in Shares of Barracuda Networ After 8.73% Gain

By Nick Russo

Barracuda Networ (NYSE:CUDA) traded in a range yesterday that spanned from a low of $22.86 to a high of $23.92. Yesterday, the shares gained 8.7%, which took the trading range above the 3-day high of $22.95 on volume of 1.2 million 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, Barracuda Networ share prices have been bracketed by a low of $13.91 and a high of $26.69 and are now at $23.59, 70% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 2.4%.

SmarTrend is tracking the current trend status for Barracuda Networ and will alert subscribers who have CUDA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders barracuda networ

Ticker(s): CUDA