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Dexcom Falls 1.59% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Dexcom (NASDAQ:DXCM) traded in a range yesterday that spanned from a low of $163.65 to a high of $167.68. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $166.73 on volume of 302,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Dexcom has traded in a range of $85.76 to $178.35 and is now at $165.00, 92% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Dexcom on August 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $152.30. Since that recommendation, shares of Dexcom have risen 10.1%. We continue to monitor DXCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders dexcom

Ticker(s): DXCM