• Return to Headlines

Atara Biotherape Falls 4.80% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Atara Biotherape (NASDAQ:ATRA) traded in a range yesterday that spanned from a low of $39.05 to a high of $42.05. Yesterday, the shares fell 4.8%, which took the trading range below the 3-day low of $39.30 on volume of 222,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Atara Biotherape share prices have been bracketed by a low of $12.65 and a high of $54.45 and are now at $39.85, 215% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Atara Biotherape on June 7th, 2018 by issuing a Downtrend alert when the shares were trading at $44.30. Since that call, shares of Atara Biotherape have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders atara biotherape

Ticker(s): ATRA