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Sarepta Therapeu Set to Possibly Rebound After Yesterday's Selloff of 1.85%

By David Diaz

Sarepta Therapeu (NASDAQ:SRPT) traded in a range yesterday that spanned from a low of $129.51 to a high of $130.15. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $130.00 on volume of 478,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Sarepta Therapeu have traded between a low of $70.50 and a high of $176.50 and are now at $130.15, which is 85% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Sarepta Therapeu. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sarepta Therapeu in search of a potential trend change.

Keywords: rebounders sarepta therapeu

Ticker(s): SRPT