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Exact Sciences Set to Possibly Rebound After Yesterday's Selloff of 4.09%

By Amy Schwartz

Exact Sciences (NASDAQ:EXAS) traded in a range yesterday that spanned from a low of $93.26 to a high of $97.60. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $95.60 on volume of 1.1 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, Exact Sciences share prices have been bracketed by a low of $47.78 and a high of $123.31 and are now at $93.93, 97% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 1.1%.

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 11.6%. 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