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SmarTrend Watching for Potential Pullback in Shares of Insight Enterpri After 1.87% Gain

By James Quinn

Insight Enterpri (NASDAQ:NSIT) traded in a range yesterday that spanned from a low of $57.05 to a high of $57.33. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $56.41 on volume of 169,000 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, Insight Enterpri has traded in a range of $33.10 to $57.93 and is now at $57.28, 73% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.1%.

SmarTrend recommended that subscribers consider buying shares of Insight Enterpri on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.52. Since that recommendation, shares of Insight Enterpri have risen 26.4%. We continue to monitor NSIT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders insight enterpri

Ticker(s): NSIT