Nektar Therapeutics Falls 5.11% on Heavy Volume: Watch For Potential Rebound
Nektar Therapeutics (NASDAQ:NKTR) traded in a range yesterday that spanned from a low of $13.08 to a high of $13.50. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $14.07 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Over the past year, Nektar Therapeutics has traded in a range of $9.16 to $19.98 and is now at $13.29, 45% above that low. The 200-day and 50-day moving averages have moved 0.35% higher and 2.07% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Nektar Therapeutics on September 27th, 2016 by issuing a Downtrend alert when the shares were trading at $17.32. Since that call, shares of Nektar Therapeutics have fallen 18.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders nektar therapeutics