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Neogen Corp Falls 2.07% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Neogen Corp (NASDAQ:NEOG) traded in a range yesterday that spanned from a low of $81.64 to a high of $84.17. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $82.53 on volume of 103,000 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 Neogen Corp and will alert subscribers who have NEOG in their portfolio or watchlist when shares have changed trend direction.

Neogen Corp share prices have moved between a 52-week high of $114.52 and a 52-week low of $54.09 and are now trading 52% above that low price at $82.08 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.6%.

Keywords: rebounders neogen corp

Ticker(s): NEOG