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Bluebird Bio Inc Falls 1.05% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Bluebird Bio Inc (NASDAQ:BLUE) traded in a range yesterday that spanned from a low of $216.20 to a high of $226.49. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $222.57 on volume of 337,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Bluebird Bio Inc has traded in a range of $36.62 to $236.17 and is now at $219.67, 500% above that low. Over the past week, the 200-day moving average (MA) has gone down 3% while the 50-day MA has declined 1.7%.

SmarTrend recommended that subscribers consider buying shares of Bluebird Bio Inc on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $209.54. Since that recommendation, shares of Bluebird Bio Inc have risen 6.6%. We continue to monitor BLUE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders bluebird bio inc

Ticker(s): BLUE