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Watch for Hortonworks Inc to Potentially Rebound After Falling 8.91% Yesterday

By Amy Schwartz

Hortonworks Inc (NASDAQ:HDP) traded in a range yesterday that spanned from a low of $16.75 to a high of $18.45. Yesterday, the shares fell 8.9%, which took the trading range below the 3-day low of $17.90 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Hortonworks Inc on October 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $21.78. Since that call, shares of Hortonworks Inc have fallen 15.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Hortonworks Inc share prices have been bracketed by a low of $16.23 and a high of $26.22 and are now at $16.80, 4% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

Keywords: rebounders hortonworks inc

Ticker(s): HDP