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Karyopharm Thera Falls 2.26% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Karyopharm Thera (NASDAQ:KPTI) traded in a range yesterday that spanned from a low of $16.05 to a high of $17.00. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $16.73 on volume of 355,000 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 Karyopharm Thera have traded between a low of $3.92 and a high of $20.09 and are now at $16.45, which is 320% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 1.7%.

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

Keywords: rebounders karyopharm thera

Ticker(s): KPTI