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After Yesterday's Decline of 1.57%, Inogen Inc Offers Investors Better Value

By Amy Schwartz

Inogen Inc (NASDAQ:INGN) traded in a range yesterday that spanned from a low of $140.70 to a high of $148.00. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $143.63 on volume of 357,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Inogen Inc share prices have moved between a 52-week high of $287.79 and a 52-week low of $87.35 and are now trading 66% above that low price at $145.43 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 2.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Inogen Inc on September 24th, 2018 by issuing a Downtrend alert when the shares were trading at $252.64. Since that call, shares of Inogen Inc have fallen 41.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders inogen inc

Ticker(s): INGN