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SmarTrend Watching for Potential Rebound in Shares of Clovis Oncology After 27.51% Loss

By Amy Schwartz

Clovis Oncology (NASDAQ:CLVS) traded in a range yesterday that spanned from a low of $11.39 to a high of $13.15. Yesterday, the shares fell 27.5%, which took the trading range below the 3-day low of $12.55 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Clovis Oncology has traded in a range of $2.93 to $32.05 and is now at $11.91, 306% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 12.3%.

Keywords: rebounders clovis oncology

Ticker(s): CLVS