[May 24, 2013] SAP Falls 2.98% on Heavy Volume: Watch For Potential Rebound Tweet May 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- SAP (NYSE:SAP) traded in a range yesterday that spanned from a low of $75.63 to a high of $77.20. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $77.84 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. Over the past year, SAP has traded in a range of $54.78 to $84.66 and is now at $75.69, 38% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.4%. SmarTrend is monitoring the recent change of momentum in SAP. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SAP in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]