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Medicines Co Set to Possibly Rebound After Yesterday's Selloff of 1.62%

By David Diaz

Medicines Co (NASDAQ:MDCO) traded in a range yesterday that spanned from a low of $43.25 to a high of $44.45. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $43.95 on volume of 581,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Medicines Co has traded in a range of $12.33 to $55.95 and is now at $43.48, 253% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: rebounders medicines co

Ticker(s): MDCO