• Return to Headlines

Watch for Truecar Inc to Potentially Pullback After Gaining 55.52% Yesterday

By Nick Russo

Truecar Inc (NASDAQ:TRUE) traded in a range yesterday that spanned from a low of $4.28 to a high of $5.41. Yesterday, the shares gained 55.5%, which took the trading range above the 3-day high of $3.71 on volume of 4.7 million 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, shares of Truecar Inc have traded between a low of $3.01 and a high of $11.67 and are now at $5.07, which is 68% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has remained constant.

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

Keywords: rebounders truecar inc

Ticker(s): TRUE