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Accenture Plc-A Falls 2.24% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Accenture Plc-A (NYSE:ACN) traded in a range yesterday that spanned from a low of $187.81 to a high of $190.86. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $189.32 on volume of 752,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Accenture Plc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Accenture Plc-A in search of a potential trend change.

Over the past year, Accenture Plc-A has traded in a range of $132.63 to $197.47 and is now at $188.02, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

Keywords: rebounders accenture plc-a

Ticker(s): ACN