Accenture came out with results on 16th Dec, stock opened up nearly 10% and closed at 400 up 6.7%
Interesting thing to note during the day was, it never made a new day high post opening higher. While all attempts to move up were sold into.
What's most likely action now ?
If the stock is not crossing the highs, the stock seems to be coming off only and most likely to do a gap fill which is there at levels of 376.
Lets see how this goes further in coming days. It certainly had a rub off on Infy ADR which also closed up 3.6% and managed to hit a new life high today.
Disclosure- I do not have any open position in the stock.