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SmarTrend Watching for Potential Rebound in Shares of Splunk Inc After 1.59% Loss

By James Quinn

Splunk Inc (NASDAQ:SPLK) traded in a range yesterday that spanned from a low of $142.50 to a high of $146.53. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $146.35 on volume of 404,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Splunk Inc share prices have moved between a 52-week high of $152.51 and a 52-week low of $90.08 and are now trading 62% above that low price at $145.69 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 1.15% higher over the past week, respectively.

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.

Keywords: rebounders splunk inc

Ticker(s): SPLK