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Watch for Factset Research to Potentially Pullback After Gaining 1.36% Yesterday

By James Quinn

Factset Research (:FDS) traded in a range yesterday that spanned from a low of $262.96 to a high of $265.53. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $262.87 on volume of 123,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Factset Research share prices have moved between a 52-week high of $265.53 and a 52-week low of $184.48 and are now trading 44% above that low price at $265.32 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Factset Research and will alert subscribers who have FDS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :fds factset research

Ticker(s): FDS