• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Bio-Techne Corp After 1.73% Loss

By Amy Schwartz

Bio-Techne Corp (NASDAQ:TECH) traded in a range yesterday that spanned from a low of $156.51 to a high of $163.34. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $157.09 on volume of 63,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Bio-Techne Corp has traded in a range of $125.84 to $206.03 and is now at $160.49, 28% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 1.27% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Bio-Techne Corp on October 5th, 2018 by issuing a Downtrend alert when the shares were trading at $192.93. Since that call, shares of Bio-Techne Corp have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders bio-techne corp

Ticker(s): TECH