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After Yesterday's Decline of 2.30%, Quidel Corp Offers Investors Better Value

By Amy Schwartz

Quidel Corp (NASDAQ:QDEL) traded in a range yesterday that spanned from a low of $55.72 to a high of $56.79. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $56.74 on volume of 102,000 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 Quidel Corp and will alert subscribers who have QDEL in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Quidel Corp has traded in a range of $41.50 to $77.63 and is now at $56.02, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.3%.

Keywords: rebounders quidel corp

Ticker(s): QDEL