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Watch for Epam Systems Inc to Potentially Rebound After Falling 1.88% Yesterday

By David Diaz

Epam Systems Inc (NYSE:EPAM) traded in a range yesterday that spanned from a low of $201.06 to a high of $202.54. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $206.71 on volume of 148,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Epam Systems Inc have traded between a low of $104.77 and a high of $214.50 and are now at $201.19, which is 92% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Epam Systems Inc and will alert subscribers who have EPAM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders epam systems inc

Ticker(s): EPAM