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Shares of EPAY Down 24.6% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Bottomline Tech (NASDAQ:EPAY) on October 8th, 2018 at $67.74. In approximately 2 months, Bottomline Tech has returned 24.60% as of today's recent price of $51.07.

Over the past year, Bottomline Tech has traded in a range of $18.48 to $74.05 and is now at $51.07, 176% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 1.8%.

Bottomline Technologies (de), Inc. provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The Company's solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Bottomline Tech.

Log in and add Bottomline Tech (EPAY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights bottomline tech

Ticker(s): EPAY