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Fibrogen Inc Falls 6.21% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Fibrogen Inc (NASDAQ:FGEN) traded in a range yesterday that spanned from a low of $34.35 to a high of $36.20. Yesterday, the shares fell 6.2%, which took the trading range below the 3-day low of $37.01 on volume of 368,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Fibrogen Inc share prices have been bracketed by a low of $33.51 and a high of $61.23 and are now at $35.67, 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.5%.

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

Keywords: rebounders fibrogen inc

Ticker(s): FGEN