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Sangamo Therapeu Set to Possibly Rebound After Yesterday's Selloff of 16.26%

By David Diaz

Sangamo Therapeu (NASDAQ:SGMO) traded in a range yesterday that spanned from a low of $11.02 to a high of $12.52. Yesterday, the shares fell 16.3%, which took the trading range below the 3-day low of $13.56 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Sangamo Therapeu share prices have been bracketed by a current low of $11.02 and a high of $27.50 and are now at $11.20. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sangamo Therapeu on October 9th, 2018 by issuing a Downtrend alert when the shares were trading at $14.17. Since that call, shares of Sangamo Therapeu have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders sangamo therapeu

Ticker(s): SGMO