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Omeros Corp Falls 17.76% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Omeros Corp (NASDAQ:OMER) traded in a range yesterday that spanned from a low of $12.10 to a high of $14.01. Yesterday, the shares fell 17.8%, which took the trading range below the 3-day low of $15.25 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Omeros Corp on October 1st, 2018 by issuing a Downtrend alert when the shares were trading at $18.44. Since that call, shares of Omeros Corp have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Omeros Corp have traded between a low of $8.36 and a high of $27.00 and are now at $12.13, which is 45% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.8%.

Keywords: rebounders omeros corp

Ticker(s): OMER