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Watch for Dhi Group Inc to Potentially Pullback After Gaining 3.07% Yesterday

By David Diaz

Dhi Group Inc (NYSE:DHX) traded in a range yesterday that spanned from a low of $2.35 to a high of $2.35. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $2.30 on volume of 161,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Dhi Group Inc share prices have moved between a 52-week high of $3.25 and a 52-week low of $1.25 and are now trading 88% above that low price at $2.35 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Dhi Group Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.77. Since that recommendation, shares of Dhi Group Inc have risen 29.2%. We continue to monitor DHX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders dhi group inc

Ticker(s): DHX