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Puma Biotechnolo Set to Possibly Rebound After Yesterday's Selloff of 4.46%

By Shiri Gupta

Puma Biotechnolo (NASDAQ:PBYI) traded in a range yesterday that spanned from a low of $75.85 to a high of $80.20. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $77.60 on volume of 319,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Puma Biotechnolo has traded in a range of $27.64 to $136.90 and is now at $76.40, 176% above that low. The 200-day and 50-day moving averages have moved 2.3% lower and 3.93% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Puma Biotechnolo on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.86. Since that recommendation, shares of Puma Biotechnolo have risen 17.1%. We continue to monitor PBYI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders puma biotechnolo

Ticker(s): PBYI