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Jack Henry Set to Possibly Rebound After Yesterday's Selloff of 2.26%

By Amy Schwartz

Jack Henry (NASDAQ:JKHY) traded in a range yesterday that spanned from a low of $142.01 to a high of $144.70. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $144.99 on volume of 728,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Jack Henry share prices have moved between a 52-week high of $163.68 and a 52-week low of $111.16 and are now trading 29% above that low price at $143.62 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Jack Henry on October 10th, 2018 by issuing a Downtrend alert when the shares were trading at $153.38. Since that call, shares of Jack Henry have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders jack henry

Ticker(s): JKHY