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After Yesterday's Decline of 1.14%, Parexel International Offers Investors Better Value

By James Quinn

Parexel International (NASDAQ:PRXL) traded in a range yesterday that spanned from a low of $62.17 to a high of $62.99. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $62.54 on volume of 732,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Parexel International share prices have moved between a 52-week high of $76.17 and a 52-week low of $51.16 and are now trading 22% above that low price at $62.55 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.

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

Keywords: rebounders parexel international

Ticker(s): PRXL