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After Yesterday's Decline of 1.21%, Repligen Corp Offers Investors Better Value

By James Quinn

Repligen Corp (NASDAQ:RGEN) traded in a range yesterday that spanned from a low of $73.60 to a high of $75.02. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $73.68 on volume of 191,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Repligen Corp share prices have moved between a 52-week high of $77.91 and a 52-week low of $29.56 and are now trading 151% above that low price at $74.06 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.0%.

SmarTrend recommended that subscribers consider buying shares of Repligen Corp on April 26th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.79. Since that recommendation, shares of Repligen Corp have risen 17.5%. We continue to monitor RGEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders repligen corp

Ticker(s): RGEN