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SmarTrend Watching for Potential Pullback in Shares of Ryanair Holdings After 1.76% Gain

By James Quinn

Ryanair Holdings (NASDAQ:RYAAY) traded in a range yesterday that spanned from a low of $109.58 to a high of $110.59. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $109.64 on volume of 441,000 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 Ryanair Holdings on March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.03. Since that recommendation, shares of Ryanair Holdings have risen 27.6%. We continue to monitor RYAAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Ryanair Holdings share prices have been bracketed by a low of $59.86 and a high of $110.59 and are now at $110.25, 84% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.26% lower over the past week, respectively.

Keywords: rebounders ryanair holdings

Ticker(s): RYAAY