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Watch for Pegasystems Inc to Potentially Rebound After Falling 3.06% Yesterday

By James Quinn

Pegasystems Inc (NASDAQ:PEGA) traded in a range yesterday that spanned from a low of $72.62 to a high of $75.57. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $75.29 on volume of 112,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Pegasystems Inc share prices have moved between a 52-week high of $79.67 and a 52-week low of $43.21 and are now trading 70% above that low price at $73.60 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.

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

Keywords: rebounders pegasystems inc

Ticker(s): PEGA