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Watch for Virtusa Corp to Potentially Pullback After Gaining 2.10% Yesterday

By David Diaz

Virtusa Corp (NASDAQ:VRTU) traded in a range yesterday that spanned from a low of $49.84 to a high of $52.88. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $50.74 on volume of 287,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Virtusa Corp on February 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.33. Since that recommendation, shares of Virtusa Corp have risen 6.7%. We continue to monitor VRTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Virtusa Corp share prices have been bracketed by a low of $18.03 and a high of $52.88 and are now at $51.71, 187% above that low price. The 200-day and 50-day moving averages have moved 0.71% lower and 0.30% higher over the past week, respectively.

Keywords: rebounders virtusa corp

Ticker(s): VRTU