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Nuvasive Inc Set to Possibly Rebound After Yesterday's Selloff of 1.92%

By Amy Schwartz

Nuvasive Inc (NASDAQ:NUVA) traded in a range yesterday that spanned from a low of $56.29 to a high of $58.42. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $56.54 on volume of 85,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Nuvasive Inc has traded in a range of $44.62 to $72.41 and is now at $56.75, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.8%.

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

Keywords: rebounders nuvasive inc

Ticker(s): NUVA