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SmarTrend Watching for Potential Rebound in Shares of Bottomline Tech After 1.40% Loss

By Shiri Gupta

Bottomline Tech (NASDAQ:EPAY) traded in a range yesterday that spanned from a low of $44.51 to a high of $44.81. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $44.64 on volume of 107,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Bottomline Tech share prices have been bracketed by a low of $34.92 and a high of $74.05 and are now at $44.57, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.4%.

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

Keywords: rebounders bottomline tech

Ticker(s): EPAY