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Look for Shares of Ultimate Softwar to Potentially Rebound after Yesterday's 1.13% Sell Off

By Nick Russo

Ultimate Softwar (NASDAQ:ULTI) traded in a range yesterday that spanned from a low of $247.94 to a high of $253.61. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $250.75 on volume of 97,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Ultimate Softwar on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $242.68. Since that recommendation, shares of Ultimate Softwar have risen 3.7%. We continue to monitor ULTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Ultimate Softwar has traded in a range of $180.29 to $257.93 and is now at $248.25, 38% above that low. The 200-day and 50-day moving averages have moved 0.23% higher and 1.26% higher over the past week, respectively.

Keywords: rebounders ultimate softwar

Ticker(s): ULTI