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Genomic Health I Falls 2.19% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Genomic Health I (NASDAQ:GHDX) traded in a range yesterday that spanned from a low of $55.00 to a high of $55.92. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $56.01 on volume of 99,000 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 Genomic Health I have traded between a low of $36.94 and a high of $92.18 and are now at $55.12, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Genomic Health I and will alert subscribers who have GHDX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders genomic health i

Ticker(s): GHDX