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Look for Shares of Cytomx Therapeut to Potentially Rebound after Yesterday's 9.79% Sell Off

By David Diaz

Cytomx Therapeut (NASDAQ:CTMX) traded in a range yesterday that spanned from a low of $22.83 to a high of $25.20. Yesterday, the shares fell 9.8%, which took the trading range below the 3-day low of $23.15 on volume of 1.5 million 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 Cytomx Therapeut and will alert subscribers who have CTMX in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Cytomx Therapeut has traded in a range of $13.09 to $35.00 and is now at $23.09, 76% above that low. The 200-day and 50-day moving averages have moved 0.59% higher and 0.55% lower over the past week, respectively.

Keywords: rebounders cytomx therapeut

Ticker(s): CTMX