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Watch for Alliance Data Systems to Potentially Pullback After Gaining 1.23% Yesterday
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Alliance Data Systems (NYSE:ADS) traded in a range yesterday that spanned from a low of $118.00 to a high of $120.42. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $119.13 on volume of 687,000 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 Alliance Data Systems on November 30th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.97. Since that recommendation, shares of Alliance Data Systems have risen 17.6%. We continue to monitor ADS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Alliance Data Systems has traded in a range of $75.31 to $120.42 and is now at $120.23, 60% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.
Write to Chip Brian at cbrian@mysmartrend.com
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