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SmarTrend Watching for Potential Pullback in Shares of Jacobs Engin Grp After 1.45% Gain

By Shiri Gupta

Jacobs Engin Grp (NYSE:JEC) traded in a range yesterday that spanned from a low of $73.46 to a high of $74.14. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $73.91 on volume of 365,000 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, Jacobs Engin Grp has traded in a range of $55.17 to $82.24 and is now at $73.95, 34% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of Jacobs Engin Grp on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.03. Since that recommendation, shares of Jacobs Engin Grp have risen 17.8%. We continue to monitor JEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders jacobs engin grp

Ticker(s): JEC