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Omeros Corp Rises 7.34% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Omeros Corp (NASDAQ:OMER) traded in a range yesterday that spanned from a low of $14.52 to a high of $15.87. Yesterday, the shares gained 7.3%, which took the trading range above the 3-day high of $14.79 on volume of 837,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Omeros Corp share prices have moved between a 52-week high of $20.89 and a 52-week low of $10.30 and are now trading 50% above that low price at $15.50 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.6%.

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

Keywords: rebounders omeros corp

Ticker(s): OMER