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SmarTrend Watching for Potential Rebound in Shares of Exact Sciences After 1.78% Loss

By Shiri Gupta

Exact Sciences (NASDAQ:EXAS) traded in a range yesterday that spanned from a low of $104.31 to a high of $109.13. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $106.06 on volume of 561,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Exact Sciences on July 29th, 2019 by issuing a Downtrend alert when the shares were trading at $110.05. Since that call, shares of Exact Sciences have fallen 3.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Exact Sciences share prices have been bracketed by a low of $47.78 and a high of $123.31 and are now at $104.37, 118% above that low price. The 200-day and 50-day moving averages have moved 1.08% higher and 0.73% lower over the past week, respectively.

Keywords: rebounders exact sciences

Ticker(s): EXAS