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Look for Shares of Acadia Pharmaceu to Potentially Rebound after Yesterday's 3.32% Sell Off

By Amy Schwartz

Acadia Pharmaceu (NASDAQ:ACAD) traded in a range yesterday that spanned from a low of $24.92 to a high of $26.23. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $24.97 on volume of 973,000 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 Acadia Pharmaceu have traded between a low of $20.68 and a high of $41.20 and are now at $25.01, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 3.1%.

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

Keywords: rebounders acadia pharmaceu

Ticker(s): ACAD