• Return to Headlines

After Yesterday's Decline of 11.15%, Invitae Corp Offers Investors Better Value

By James Quinn

Invitae Corp (NYSE:NVTA) traded in a range yesterday that spanned from a low of $14.74 to a high of $16.01. Yesterday, the shares fell 11.2%, which took the trading range below the 3-day low of $15.55 on volume of 916,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Invitae Corp has traded in a range of $9.04 to $28.75 and is now at $16.01, 77% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 3.6%.

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

Keywords: rebounders invitae corp

Ticker(s): NVTA