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Watch for Ctrip.com International to Potentially Pullback After Gaining 1.19% Yesterday

By Shiri Gupta

Ctrip.com International (NASDAQ:CTRP) traded in a range yesterday that spanned from a low of $48.92 to a high of $49.90. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $49.66 on volume of 1.8 million 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 Ctrip.com International on January 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.13. Since that recommendation, shares of Ctrip.com International have risen 13.8%. We continue to monitor CTRP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Ctrip.com International share prices have been bracketed by a low of $27.25 and a high of $57.36 and are now at $49.66, 82% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

Keywords: rebounders ctrip.com international

Ticker(s): CTRP