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Icu Medical Falls 1.50% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Icu Medical (NASDAQ:ICUI) traded in a range yesterday that spanned from a low of $229.64 to a high of $238.93. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $231.01 on volume of 72,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Icu Medical has traded in a range of $164.00 to $321.70 and is now at $234.68, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Icu Medical on October 10th, 2018 by issuing a Downtrend alert when the shares were trading at $263.54. Since that call, shares of Icu Medical have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders icu medical

Ticker(s): ICUI