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Look for Shares of Epam Systems Inc to Potentially Rebound after Yesterday's 2.40% Sell Off

By Nick Russo

Epam Systems Inc (NYSE:EPAM) traded in a range yesterday that spanned from a low of $78.01 to a high of $81.21. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $80.21 on volume of 193,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Epam Systems Inc share prices have moved between a 52-week high of $87.93 and a 52-week low of $54.53 and are now trading 46% above that low price at $79.42 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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