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Look for Shares of Inogen Inc to Potentially Pullback after Yesterday's 3.48% Rise

By Shiri Gupta

Inogen Inc (NASDAQ:INGN) traded in a range yesterday that spanned from a low of $48.50 to a high of $50.00. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $48.38 on volume of 909,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Inogen Inc on May 8th, 2019 by issuing a Downtrend alert when the shares were trading at $67.87. Since that call, shares of Inogen Inc have fallen 30.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Inogen Inc share prices have been bracketed by a low of $41.19 and a high of $287.79 and are now at $48.98, 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.6% while the 200-day MA has slid 2%.

Keywords: rebounders inogen inc

Ticker(s): INGN