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SmarTrend Watching for Potential Pullback in Shares of Epam Systems Inc After 1.92% Gain

By Amy Schwartz

Epam Systems Inc (NYSE:EPAM) traded in a range yesterday that spanned from a low of $173.41 to a high of $175.58. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $174.25 on volume of 283,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Epam Systems Inc have traded between a low of $104.77 and a high of $176.06 and are now at $174.75, which is 67% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.6%.

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

Keywords: rebounders epam systems inc

Ticker(s): EPAM