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SmarTrend Watching for Potential Pullback in Shares of Splunk Inc After 1.21% Gain

By Amy Schwartz

Splunk Inc (NASDAQ:SPLK) traded in a range yesterday that spanned from a low of $170.96 to a high of $173.84. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $172.24 on volume of 421,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Splunk Inc and will alert subscribers who have SPLK in their portfolio or watchlist when shares have changed trend direction.

Splunk Inc share prices have moved between a 52-week high of $173.45 and a 52-week low of $107.35 and are now trading 60% above that low price at $171.73 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.1%.

Keywords: rebounders splunk inc

Ticker(s): SPLK