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

By Shiri Gupta

Factset Research (:FDS) traded in a range yesterday that spanned from a low of $274.24 to a high of $278.11. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $277.56 on volume of 78,000 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 its subscribers protect gains by selling shares of Factset Research on June 26th, 2019 by issuing a Downtrend alert when the shares were trading at $287.38. Since that call, shares of Factset Research have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Factset Research have traded between a low of $188.31 and a high of $305.38 and are now at $277.87, which is 48% 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 declined 0.5%.

Keywords: rebounders :fds factset research

Ticker(s): FDS