Shares of EPAM Systems (EPAM) Sees Large Outflow of Money

EPAM Systems (EPAM) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.13 million) and the uptick to downtick ratio was 0.59. The transaction value on upticks was $4.5 million and on downticks, the transaction value was $7.63 million. In block trades, the transaction value of inflow done during uptick was $0.64 million. The transaction value of block trades during downticks was $2.89 million. The uptick to downtick block trade ratio was 0.22. The money flow was negative ($2.25 million), indicating the traders were booking profit on the price strength. EPAM Systems (EPAM) rose $0.01 at $63.41, during intraday Thursday , a rise of 0.02% over the previous days close.


EPAM Systems (EPAM) : The highest short term price target forecast on EPAM Systems (EPAM) is $100 and the lowest target price is $76. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $86.13 with a standard deviation of $6.92. The stock has recorded a 20-day Moving Average of 7.85% and the 50-Day Moving Average is 11.63%.

EPAM Systems (NYSE:EPAM): The stock opened at $62.93 on Thursday but the bulls could not build on the opening and the stock topped out at $64.51 for the day. The stock traded down to $62.44 during the day, due to lack of any buying support eventually closed down at $63.10 with a loss of -0.47% for the day. The stock had closed at $63.40 on the previous day. The total traded volume was 599,442 shares.

EPAM Systems, Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. The Companys service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Companys Enterprise Application Platforms develops technology and business application platforms, and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Companys Infrastructure Management Services covers the lifecycle of infrastructure management.

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