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After Yesterday's Decline of 3.80%, Newlink Genetics Offers Investors Better Value

By Amy Schwartz

Newlink Genetics (NASDAQ:NLNK) traded in a range yesterday that spanned from a low of $1.76 to a high of $1.87. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $1.80 on volume of 53,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Newlink Genetics on July 30th, 2018 by issuing a Downtrend alert when the shares were trading at $3.80. Since that call, shares of Newlink Genetics have fallen 51.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Newlink Genetics have traded between the current low of $1.76 and a high of $10.41 and are now at $1.77. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 1.5%.

Keywords: rebounders newlink genetics

Ticker(s): NLNK