• Return to Headlines

Watch for Trinet Group Inc to Potentially Pullback After Gaining 14.90% Yesterday

By James Quinn

Trinet Group Inc (NYSE:TNET) traded in a range yesterday that spanned from a low of $54.74 to a high of $59.70. Yesterday, the shares gained 14.9%, which took the trading range above the 3-day high of $55.85 on volume of 424,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Trinet Group Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Trinet Group Inc in search of a potential trend change.

Over the past year, Trinet Group Inc has traded in a range of $45.85 to $76.92 and is now at $58.42, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

Keywords: rebounders trinet group inc

Ticker(s): TNET