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Watch for Commvault System to Potentially Pullback After Gaining 1.97% Yesterday

By Shiri Gupta

Commvault System (NASDAQ:CVLT) traded in a range yesterday that spanned from a low of $58.10 to a high of $59.75. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $58.85 on volume of 204,000 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 Commvault System on May 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.78. Since that recommendation, shares of Commvault System have risen 4.8%. We continue to monitor CVLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Commvault System share prices have been bracketed by a low of $41.33 and a high of $59.70 and are now at $59.67, 44% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 1.21% higher over the past week, respectively.

Keywords: rebounders commvault system

Ticker(s): CVLT