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Factset Research Falls 1.35% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Factset Research (NYSE:FDS) traded in a range yesterday that spanned from a low of $202.57 to a high of $205.43. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $204.35 on volume of 123,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Factset Research has traded in a range of $155.09 to $217.36 and is now at $202.97, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

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

Keywords: rebounders factset research

Ticker(s): FDS