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Watch for Hd Supply Holdin to Potentially Pullback After Gaining 1.93% Yesterday

By Nick Russo

Hd Supply Holdin (NASDAQ:HDS) traded in a range yesterday that spanned from a low of $37.16 to a high of $39.14. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $37.79 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Hd Supply Holdin has traded in a range of $28.97 to $44.73 and is now at $37.39, 29% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

SmarTrend is tracking the current trend status for Hd Supply Holdin and will alert subscribers who have HDS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders hd supply holdin

Ticker(s): HDS