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Look for Shares of Qiagen Nv to Potentially Rebound after Yesterday's 2.02% Sell Off

By Amy Schwartz

Qiagen Nv (NYSE:QGEN) traded in a range yesterday that spanned from a low of $42.01 to a high of $42.29. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $42.19 on volume of 234,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Qiagen Nv has traded in a range of $24.86 to $43.16 and is now at $42.23, 70% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Qiagen Nv and will alert subscribers who have QGEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders qiagen nv

Ticker(s): QGEN