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Shares of Tesaro Inc Fall to a New 52-Week Low

By Nick Russo

Tesaro Inc (NASDAQ:TSRO) traded at a new 52-week low today of $41.69. So far today approximately 585,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

Potential upside of 91.2% exists for Tesaro Inc, based on a current level of $41.94 and analysts' average consensus price target of $80.20. Tesaro Inc shares should first meet resistance at the 50-day moving average (MA) of $49.82 and find additional resistance at the 200-day MA of $78.91.

Tesaro, Inc. develops and commercializes cancer therapeutics and supportive care products. The Company offers receptor antagonist for the prevention of chemotherapy induced nausea and vomiting. Tesaro operates in the United States.

Tesaro Inc share prices have moved between a 52-week high of $153.98 and the current low of $41.69 and are currently at $41.94 per share. The 200-day and 50-day moving averages have moved 1.44% lower and 1.71% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tesaro Inc on March 19th, 2018 by issuing a Downtrend alert when the shares were trading at $61.31. Since that call, shares of Tesaro Inc have fallen 30.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows tesaro inc

Ticker(s): TSRO