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Amdocs Ltd Set to Possibly Pullback After Yesterday's Rally of 2.07%

By David Diaz

Amdocs Ltd (NASDAQ:DOX) traded in a range yesterday that spanned from a low of $62.32 to a high of $65.86. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $64.99 on volume of 773,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Amdocs Ltd have traded between a low of $60.50 and a high of $71.72 and are now at $65.30, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

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

Keywords: rebounders amdocs ltd

Ticker(s): DOX