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TMCNet:  SAP Set to Possibly Rebound After Yesterday's Selloff of 5.29%

[January 15, 2013]

SAP Set to Possibly Rebound After Yesterday's Selloff of 5.29%

Jan 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- SAP (NYSE:SAP) traded in a range yesterday that spanned from a low of $77.15 to a high of $78.55. Yesterday, the shares fell 5.3%, which took the trading range below the 3-day low of $80.01 on volume of 4.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

In the past 52 weeks, SAP share prices have been bracketed by a low of $54.78 and a high of $82.90 and are now at $77.56, 42% above that low price. 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 SAP on November 1st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.50. Since that recommendation, shares of SAP have risen 11.4%. We continue to monitor SAP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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