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Look for Shares of Exact Sciences to Potentially Pullback after Yesterday's 1.92% Rise

By Amy Schwartz

Exact Sciences (NASDAQ:EXAS) traded in a range yesterday that spanned from a low of $82.09 to a high of $83.95. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $83.73 on volume of 332,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Exact Sciences share prices have moved between a 52-week high of $83.95 and a 52-week low of $13.05 and are now trading 542% above that low price at $83.74 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.4%.

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