• Return to Headlines

Global Blood The Falls 8.49% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Global Blood The (NASDAQ:GBT) traded in a range yesterday that spanned from a low of $41.30 to a high of $43.65. Yesterday, the shares fell 8.5%, which took the trading range below the 3-day low of $44.05 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Global Blood The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Global Blood The in search of a potential trend change.

Global Blood The share prices have moved between a 52-week high of $68.05 and a 52-week low of $13.35 and are now trading 218% above that low price at $42.47 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders global blood the

Ticker(s): GBT