• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Exact Sciences After 12.69% Loss

By Amy Schwartz

Exact Sciences (NASDAQ:EXAS) traded in a range yesterday that spanned from a low of $82.01 to a high of $84.58. Yesterday, the shares fell 12.7%, which took the trading range below the 3-day low of $83.26 on volume of 506,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Exact Sciences share prices have moved between a 52-week high of $123.31 and a 52-week low of $47.78 and are now trading 73% above that low price at $82.81 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.9%.

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

Keywords: rebounders exact sciences

Ticker(s): EXAS