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Coherus Bioscien Set to Possibly Rebound After Yesterday's Selloff of 2.10%

By Shiri Gupta

Coherus Bioscien (NASDAQ:CHRS) traded in a range yesterday that spanned from a low of $14.44 to a high of $14.85. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $14.53 on volume of 298,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Coherus Bioscien have traded between a low of $8.34 and a high of $20.66 and are now at $14.60, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 1.57% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Coherus Bioscien and will alert subscribers who have CHRS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders coherus bioscien

Ticker(s): CHRS