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After Yesterday's Rally of 1.58% Shares Could Potentially Pullback

By James Quinn

Tripadvisor Inc (NASDAQ:TRIP) traded in a range yesterday that spanned from a low of $30.99 to a high of $31.31. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $31.28 on volume of 602,000 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 Tripadvisor Inc have traded between a low of $27.66 and a high of $60.90 and are now at $31.38, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.76% lower and 1.83% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tripadvisor Inc on November 7th, 2019 by issuing a Downtrend alert when the shares were trading at $33.58. Since that call, shares of Tripadvisor Inc have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders tripadvisor inc

Ticker(s): TRIP