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Watch for inContact to Potentially Rebound After Falling 1.79% Yesterday
Feb 10, 2012 (SmarTrend(R) News Watch via COMTEX) --
inContact (NASDAQ:SAAS) traded in a range yesterday that spanned from a low of $5.46 to a high of $5.66. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $4.85 on volume of 135,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
inContact share prices have moved between a 52-week high of $5.66 and a 52-week low of $2.89 and are now trading 90% above that low price at $5.48 per share. The 200-day and 50-day moving averages have moved 0.75% higher and 2.08% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of inContact on October 24th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.85. Since that recommendation, shares of inContact have risen 45.1%. We continue to monitor SAAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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