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SmarTrend Watching for Potential Pullback in Shares of Hertz Global Hol After 2.04% Gain

By Shiri Gupta

Hertz Global Hol (NYSE:HTZ) traded in a range yesterday that spanned from a low of $16.18 to a high of $16.59. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $16.48 on volume of 355,000 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, Hertz Global Hol has traded in a range of $11.24 to $21.95 and is now at $16.54, 47% above that low. The 200-day and 50-day moving averages have moved 0.11% lower and 1.04% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Hertz Global Hol on November 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.32. Since that recommendation, shares of Hertz Global Hol have risen 5.8%. We continue to monitor HTZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hertz global hol

Ticker(s): HTZ