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SmarTrend Watching for Potential Pullback in Shares of Vera Bradley Inc After 3.74% Gain

By David Diaz

Vera Bradley Inc (NASDAQ:VRA) traded in a range yesterday that spanned from a low of $14.13 to a high of $14.29. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $13.67 on volume of 670,000 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 Vera Bradley Inc on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.63. Since that recommendation, shares of Vera Bradley Inc have risen 41.5%. We continue to monitor VRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Vera Bradley Inc share prices have been bracketed by a low of $7.94 and a high of $17.38 and are now at $14.13, 78% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

Keywords: rebounders vera bradley inc

Ticker(s): VRA