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Factset Research Rises 1.00% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Factset Research (:FDS) traded in a range yesterday that spanned from a low of $268.08 to a high of $271.42. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $269.98 on volume of 67,000 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 Factset Research on October 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $251.83. Since that recommendation, shares of Factset Research have risen 6.5%. We continue to monitor FDS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Factset Research share prices have moved between a 52-week high of $305.38 and a 52-week low of $201.53 and are now trading 33% above that low price at $268.18 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Keywords: rebounders :fds factset research

Ticker(s): FDS