In Thursday evening’s Forecast Report on Accenture (ACN), a potential short trade target at 40.80 to 40.70 emerged for a shot at a quick downside move.
ACN opened above that target, at 41.10. A sell there, measured to the pre-market low of 40.53, netted 1.4%.
The stock proved more volatile during regular trading, spiking in choppy action before pushing to a day high of 41.86 and then pulling back to the 41.20 area. A sell at the day high, as measured to 41.20, netted 1.6%.
