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Look for Shares of Amphastar Pharma to Potentially Rebound after Yesterday's 14.68% Sell Off

By James Quinn

Amphastar Pharma (NASDAQ:AMPH) traded in a range yesterday that spanned from a low of $16.92 to a high of $19.42. Yesterday, the shares fell 14.7%, which took the trading range below the 3-day low of $19.01 on volume of 256,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Amphastar Pharma share prices have moved between a 52-week high of $25.43 and the current low of $16.92 and are currently at $17.20 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.2%.

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

Keywords: rebounders amphastar pharma

Ticker(s): AMPH