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After Yesterday's Rally of 4.03% Shares Could Potentially Pullback

By Amy Schwartz

Exact Sciences (NASDAQ:EXAS) traded in a range yesterday that spanned from a low of $101.24 to a high of $111.59. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $107.29 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Exact Sciences share prices have moved between a 52-week high of $123.31 and a 52-week low of $47.78 and are now trading 130% above that low price at $109.72 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Exact Sciences on July 29th, 2019 by issuing a Downtrend alert when the shares were trading at $110.05. Since that call, shares of Exact Sciences have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders exact sciences

Ticker(s): EXAS