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Watch for Fireeye Inc to Potentially Pullback After Gaining 12.88% Yesterday

By Amy Schwartz

Fireeye Inc (NASDAQ:FEYE) traded in a range yesterday that spanned from a low of $16.72 to a high of $17.03. Yesterday, the shares gained 12.9%, which took the trading range above the 3-day high of $16.98 on volume of 515,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Fireeye Inc share prices have been bracketed by a low of $12.66 and a high of $20.61 and are now at $16.92, 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.

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

Keywords: rebounders fireeye inc

Ticker(s): FEYE