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Splunk Inc Rises 3.18% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Splunk Inc (NASDAQ:SPLK) traded in a range yesterday that spanned from a low of $102.74 to a high of $105.56. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $102.78 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Splunk Inc have traded between a low of $56.79 and a high of $121.64 and are now at $105.29, which is 85% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

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