• Return to Headlines

Pacific Bioscien Set to Possibly Rebound After Yesterday's Selloff of 7.89%

By Amy Schwartz

Pacific Bioscien (NASDAQ:PACB) traded in a range yesterday that spanned from a low of $4.38 to a high of $4.77. Yesterday, the shares fell 7.9%, which took the trading range below the 3-day low of $4.71 on volume of 972,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Pacific Bioscienhas traded in a range of $4.38 to $7.84 and are now at $4.72. The 200-day and 50-day moving averages have moved 0.73% lower and 1.24% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Pacific Bioscien on July 19th, 2019 by issuing a Downtrend alert when the shares were trading at $5.44. Since that call, shares of Pacific Bioscien have fallen 10.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders pacific bioscien

Ticker(s): PACB