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Look for Shares of Clovis Oncology to Potentially Rebound after Yesterday's 1.50% Sell Off

By David Diaz

Clovis Oncology (NASDAQ:CLVS) traded in a range yesterday that spanned from a low of $5.03 to a high of $5.27. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $5.33 on volume of 3.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Clovis Oncology on March 25th, 2019 by issuing a Downtrend alert when the shares were trading at $23.84. Since that call, shares of Clovis Oncology have fallen 77.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Clovis Oncology share prices have been bracketed by a current low of $5.03 and a high of $37.27 and are now at $5.26. The 200-day and 50-day moving averages have moved 1.05% lower and 4.52% lower over the past week, respectively.

Keywords: rebounders clovis oncology

Ticker(s): CLVS