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Look for Shares of Exact Sciences to Potentially Rebound after Yesterday's 2.35% Sell Off

By Amy Schwartz

Exact Sciences (NASDAQ:EXAS) traded in a range yesterday that spanned from a low of $86.62 to a high of $88.62. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $89.11 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.

Over the past year, Exact Sciences has traded in a range of $47.78 to $123.31 and is now at $87.44, 83% above that low. The 200-day and 50-day moving averages have moved 0.32% higher and 1.34% lower over the past week, respectively.

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