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SmarTrend Watching for Potential Rebound in Shares of Emergent Biosolu After 2.81% Loss

By Amy Schwartz

Emergent Biosolu (NYSE:EBS) traded in a range yesterday that spanned from a low of $67.02 to a high of $69.96. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $67.02 on volume of 63,000 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 Emergent Biosolu have traded between a low of $41.59 and a high of $73.89 and are now at $67.31, which is 62% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Emergent Biosolu on November 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.42. Since that recommendation, shares of Emergent Biosolu have risen 7.5%. We continue to monitor EBS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders emergent biosolu

Ticker(s): EBS