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Trinet Group Inc Set to Possibly Pullback After Yesterday's Rally of 1.19%

By Amy Schwartz

Trinet Group Inc (NYSE:TNET) traded in a range yesterday that spanned from a low of $68.93 to a high of $69.55. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $68.74 on volume of 85,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Trinet Group Inc has traded in a range of $38.74 to $69.55 and is now at $69.52, 79% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Trinet Group Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.45. Since that recommendation, shares of Trinet Group Inc have risen 58.1%. We continue to monitor TNET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders trinet group inc

Ticker(s): TNET