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Epam Systems Inc Rises 1.27% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Epam Systems Inc (NYSE:EPAM) traded in a range yesterday that spanned from a low of $128.44 to a high of $130.89. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $129.43 on volume of 174,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Epam Systems Inc share prices have moved between a 52-week high of $144.19 and a 52-week low of $96.11 and are now trading 36% above that low price at $130.53 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Epam Systems Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Epam Systems Inc in search of a potential trend change.

Keywords: rebounders epam systems inc

Ticker(s): EPAM