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Trinet Group Inc Set to Possibly Pullback After Yesterday's Rally of 1.24%

By Shiri Gupta

Trinet Group Inc (NYSE:TNET) traded in a range yesterday that spanned from a low of $61.58 to a high of $61.95. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $61.83 on volume of 117,000 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 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 40.8%. We continue to monitor TNET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Trinet Group Inc share prices have moved between a 52-week high of $63.65 and a 52-week low of $38.74 and are now trading 60% above that low price at $61.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.4%.

Keywords: rebounders trinet group inc

Ticker(s): TNET