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Ss&C Technologie Falls 1.60% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Ss&C Technologie (NASDAQ:SSNC) traded in a range yesterday that spanned from a low of $49.82 to a high of $51.10. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $51.10 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Ss&C Technologie. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ss&C Technologie in search of a potential trend change.

In the past 52 weeks, Ss&C Technologie share prices have been bracketed by a low of $39.15 and a high of $60.97 and are now at $50.20, 28% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 0.1% lower over the past week, respectively.

Keywords: rebounders ss&c technologie

Ticker(s): SSNC