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Acadia Pharmaceu Set to Possibly Rebound After Yesterday's Selloff of 4.33%

By David Diaz

Acadia Pharmaceu (NASDAQ:ACAD) traded in a range yesterday that spanned from a low of $42.81 to a high of $45.43. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $44.30 on volume of 334,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Acadia Pharmaceu and will alert subscribers who have ACAD in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Acadia Pharmaceu have traded between a low of $14.01 and a high of $48.27 and are now at $43.80, which is 213% above that low price. The 200-day and 50-day moving averages have moved 1.18% higher and 0.48% higher over the past week, respectively.

Keywords: rebounders acadia pharmaceu

Ticker(s): ACAD