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Ss&C Technologie Falls 2.08% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Ss&C Technologie (NASDAQ:SSNC) traded in a range yesterday that spanned from a low of $54.14 to a high of $55.80. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $55.73 on volume of 531,000 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 Ss&C Technologie on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $58.08. Since that call, shares of Ss&C Technologie have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Ss&C Technologie share prices have been bracketed by a low of $40.96 and a high of $67.73 and are now at $54.49, 33% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Keywords: rebounders ss&c technologie

Ticker(s): SSNC