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Watch for Hortonworks Inc to Potentially Pullback After Gaining 11.94% Yesterday

By James Quinn

Hortonworks Inc (NASDAQ:HDP) traded in a range yesterday that spanned from a low of $13.85 to a high of $15.00. Yesterday, the shares gained 11.9%, which took the trading range above the 3-day high of $13.40 on volume of 1.0 million 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 subscribers consider buying shares of Hortonworks Inc on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.09. Since that recommendation, shares of Hortonworks Inc have risen 46.5%. We continue to monitor HDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Hortonworks Inc have traded between a low of $6.42 and a high of $14.98 and are now at $14.97, which is 133% above that low price. The 200-day and 50-day moving averages have moved 1.53% lower and 1.34% higher over the past week, respectively.

Keywords: rebounders hortonworks inc

Ticker(s): HDP