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SmarTrend Watching for Potential Pullback in Shares of Hortonworks Inc After 4.29% Gain

By Nick Russo

Hortonworks Inc (NASDAQ:HDP) traded in a range yesterday that spanned from a low of $24.65 to a high of $26.22. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $25.66 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Hortonworks Inc on August 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.12. Since that recommendation, shares of Hortonworks Inc have risen 20.5%. We continue to monitor HDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Hortonworks Inc share prices have moved between a 52-week high of $26.22 and a 52-week low of $6.42 and are now trading 296% above that low price at $25.40 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.2%.

Keywords: rebounders hortonworks inc

Ticker(s): HDP