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After Yesterday's Rally of 2.74% Shares Could Potentially Pullback

By Amy Schwartz

Manpowergroup In (NYSE:MAN) traded in a range yesterday that spanned from a low of $97.97 to a high of $100.99. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $98.73 on volume of 255,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Manpowergroup In has traded in a range of $69.80 to $100.99 and is now at $99.83, 43% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Manpowergroup In on October 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.80. Since that recommendation, shares of Manpowergroup In have risen 9.4%. We continue to monitor MAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders manpowergroup in

Ticker(s): MAN