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Watch for Tyler Technolog to Potentially Rebound After Falling 2.87% Yesterday

By James Quinn

Tyler Technolog (NYSE:TYL) traded in a range yesterday that spanned from a low of $289.16 to a high of $297.12. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $289.93 on volume of 87,000 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 Tyler Technolog have traded between a low of $196.88 and a high of $340.80 and are now at $290.54, which is 48% above that low price. The 200-day and 50-day moving averages have moved 0.53% higher and 0.20% higher over the past week, respectively.

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

Keywords: rebounders tyler technolog

Ticker(s): TYL