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Watch for Accenture Plc-A to Potentially Rebound After Falling 2.24% Yesterday

By David Diaz

Accenture Plc-A (NYSE:ACN) traded in a range yesterday that spanned from a low of $187.81 to a high of $190.86. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $189.32 on volume of 752,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Accenture Plc-A share prices have moved between a 52-week high of $197.47 and a 52-week low of $132.63 and are now trading 42% above that low price at $188.02 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Accenture Plc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Accenture Plc-A in search of a potential trend change.

Keywords: rebounders accenture plc-a

Ticker(s): ACN