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Look for Shares of Verint Systems to Potentially Rebound after Yesterday's 1.23% Sell Off

By David Diaz

Verint Systems (NASDAQ:VRNT) traded in a range yesterday that spanned from a low of $39.72 to a high of $40.80. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $40.35 on volume of 328,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Verint Systems share prices have been bracketed by a low of $31.52 and a high of $44.70 and are now at $40.05, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1.3%.

SmarTrend is tracking the current trend status for Verint Systems and will alert subscribers who have VRNT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders verint systems

Ticker(s): VRNT