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Accenture Plc-A Set to Possibly Rebound After Yesterday's Selloff of 2.76%

By Nick Russo

Accenture Plc-A (NYSE:ACN) traded in a range yesterday that spanned from a low of $159.39 to a high of $161.74. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $160.98 on volume of 542,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Accenture Plc-A has traded in a range of $146.05 to $175.64 and is now at $159.67, 9% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Accenture Plc-A and will alert subscribers who have ACN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders accenture plc-a

Ticker(s): ACN