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Look for Shares of Nuvasive Inc to Potentially Rebound after Yesterday's 1.92% Sell Off

By David Diaz

Nuvasive Inc (NASDAQ:NUVA) traded in a range yesterday that spanned from a low of $56.29 to a high of $58.42. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $56.54 on volume of 85,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Nuvasive Inc share prices have moved between a 52-week high of $72.41 and a 52-week low of $44.62 and are now trading 27% above that low price at $56.75 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.8%.

SmarTrend is monitoring the recent change of momentum in Nuvasive Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nuvasive Inc in search of a potential trend change.

Keywords: rebounders nuvasive inc

Ticker(s): NUVA