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Nektar Therapeut Set to Possibly Rebound After Yesterday's Selloff of 7.79%

By Amy Schwartz

Nektar Therapeut (NASDAQ:NKTR) traded in a range yesterday that spanned from a low of $31.15 to a high of $31.26. Yesterday, the shares fell 7.8%, which took the trading range below the 3-day low of $32.16 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Nektar Therapeut share prices have been bracketed by a low of $29.22 and a high of $92.17 and are now at $31.15, 7% above that low price. The 200-day and 50-day moving averages have moved 0.58% lower and 0.86% lower over the past week, respectively.

Keywords: rebounders nektar therapeut

Ticker(s): NKTR