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SmarTrend Watching for Potential Rebound in Shares of Biotelemetry Inc After 1.80% Loss

By Shiri Gupta

Biotelemetry Inc (NASDAQ:BEAT) traded in a range yesterday that spanned from a low of $48.11 to a high of $49.13. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $48.77 on volume of 153,000 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 Biotelemetry Inc have traded between a low of $39.50 and a high of $80.92 and are now at $48.34, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.6%.

SmarTrend is tracking the current trend status for Biotelemetry Inc and will alert subscribers who have BEAT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders biotelemetry inc

Ticker(s): BEAT