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Watch for Science Applicat to Potentially Rebound After Falling 8.41% Yesterday

By Nick Russo

Science Applicat (NYSE:SAIC) traded in a range yesterday that spanned from a low of $80.29 to a high of $87.00. Yesterday, the shares fell 8.4%, which took the trading range below the 3-day low of $87.34 on volume of 572,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Science Applicat share prices have moved between a 52-week high of $90.84 and a 52-week low of $60.21 and are now trading 34% above that low price at $80.57 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Science Applicat on March 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.62. Since that recommendation, shares of Science Applicat have risen 16.5%. We continue to monitor SAIC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders science applicat

Ticker(s): SAIC