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Look for Shares of Ss&C Technologie to Potentially Pullback after Yesterday's 1.75% Rise

By Amy Schwartz

Ss&C Technologie (NASDAQ:SSNC) traded in a range yesterday that spanned from a low of $58.93 to a high of $59.17. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $59.02 on volume of 487,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ss&C Technologie has traded in a range of $40.96 to $67.73 and is now at $59.02, 44% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is monitoring the recent change of momentum in Ss&C Technologie. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ss&C Technologie in search of a potential trend change.

Keywords: rebounders ss&c technologie

Ticker(s): SSNC