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After Yesterday's Decline of 1.08%, Bottomline Tech Offers Investors Better Value

By Nick Russo

Bottomline Tech (NASDAQ:EPAY) traded in a range yesterday that spanned from a low of $46.94 to a high of $47.72. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $47.08 on volume of 81,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Bottomline Tech and will alert subscribers who have EPAY in their portfolio or watchlist when shares have changed trend direction.

Bottomline Tech share prices have moved between a 52-week high of $50.50 and a 52-week low of $21.52 and are now trading 121% above that low price at $47.50 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

Keywords: rebounders bottomline tech

Ticker(s): EPAY