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Exact Sciences Falls 10.86% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Exact Sciences (NASDAQ:EXAS) traded in a range yesterday that spanned from a low of $84.05 to a high of $89.98. Yesterday, the shares fell 10.9%, which took the trading range below the 3-day low of $88.35 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Exact Sciences have traded between a low of $47.78 and a high of $123.31 and are now at $84.55, which is 77% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has risen 0.2%.

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

Keywords: rebounders exact sciences

Ticker(s): EXAS