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Lannett Co Inc Falls 13.31% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Lannett Co Inc (NYSE:LCI) traded in a range yesterday that spanned from a low of $9.32 to a high of $10.05. Yesterday, the shares fell 13.3%, which took the trading range below the 3-day low of $9.60 on volume of 614,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Lannett Co Inc have traded between a low of $3.94 and a high of $15.52 and are now at $9.38, which is 138% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.5% while the 200-day MA has risen 1.0%.

Keywords: rebounders lannett co inc

Ticker(s): LCI