• Return to Headlines

Science Applicat Rises 8.97% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Science Applicat (NYSE:SAIC) traded in a range yesterday that spanned from a low of $67.85 to a high of $73.50. Yesterday, the shares gained 9.0%, which took the trading range above the 3-day high of $70.83 on volume of 352,000 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, Science Applicat has traded in a range of $63.15 to $93.31 and is now at $64.94, 3% 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 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Science Applicat on September 10th, 2018 by issuing a Downtrend alert when the shares were trading at $83.07. Since that call, shares of Science Applicat have fallen 21.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders science applicat

Ticker(s): SAIC