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Look for Shares of Sage Therapeutic to Potentially Rebound after Yesterday's 2.09% Sell Off

By David Diaz

Sage Therapeutic (NASDAQ:SAGE) traded in a range yesterday that spanned from a low of $103.01 to a high of $107.17. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $103.51 on volume of 63,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Sage Therapeutic share prices have moved between a 52-week high of $195.97 and a 52-week low of $88.03 and are now trading 20% above that low price at $105.88 per share. The 200-day and 50-day moving averages have moved 0.53% lower and 1.69% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sage Therapeutic on November 13th, 2018 by issuing a Downtrend alert when the shares were trading at $113.70. Since that call, shares of Sage Therapeutic have fallen 6.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders sage therapeutic

Ticker(s): SAGE