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Look for Shares of Natera Inc to Potentially Rebound after Yesterday's 20.70% Sell Off

By Nick Russo

Natera Inc (NASDAQ:NTRA) traded in a range yesterday that spanned from a low of $13.70 to a high of $18.08. Yesterday, the shares fell 20.7%, which took the trading range below the 3-day low of $20.17 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Natera Inc has traded in a range of $8.60 to $29.62 and is now at $15.94, 85% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has declined 2.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Natera Inc on September 13th, 2018 by issuing a Downtrend alert when the shares were trading at $24.86. Since that call, shares of Natera Inc have fallen 17.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders natera inc

Ticker(s): NTRA