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Quidel Corp Falls 1.57% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Quidel Corp (NASDAQ:QDEL) traded in a range yesterday that spanned from a low of $47.86 to a high of $49.12. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $48.02 on volume of 289,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Quidel Corp on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.12. Since that recommendation, shares of Quidel Corp have risen 3.3%. We continue to monitor QDEL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Quidel Corp share prices have moved between a 52-week high of $49.98 and a 52-week low of $16.63 and are now trading 188% above that low price at $47.95 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.8%.

Keywords: rebounders quidel corp

Ticker(s): QDEL