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After Yesterday's Decline of 14.24%, Bottomline Tech Offers Investors Better Value

By David Diaz

Bottomline Tech (NASDAQ:EPAY) traded in a range yesterday that spanned from a low of $50.55 to a high of $55.92. Yesterday, the shares fell 14.2%, which took the trading range below the 3-day low of $60.90 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Bottomline Tech share prices have moved between a 52-week high of $74.05 and a 52-week low of $18.48 and are now trading 198% above that low price at $54.98 per share. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Bottomline Tech on October 8th, 2018 by issuing a Downtrend alert when the shares were trading at $67.74. Since that call, shares of Bottomline Tech have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders bottomline tech

Ticker(s): EPAY