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Look for Shares of Supernus Pharmac to Potentially Rebound after Yesterday's 5.10% Sell Off

By David Diaz

Supernus Pharmac (NASDAQ:SUPN) traded in a range yesterday that spanned from a low of $38.06 to a high of $40.96. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $38.75 on volume of 365,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Supernus Pharmac have traded between a low of $34.90 and a high of $61.25 and are now at $40.54, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.55% lower over the past week, respectively.

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

Keywords: rebounders supernus pharmac

Ticker(s): SUPN