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SmarTrend Watching for Potential Rebound in Shares of Icu Medical After 13.21% Loss

By James Quinn

Icu Medical (NASDAQ:ICUI) traded in a range yesterday that spanned from a low of $222.00 to a high of $233.00. Yesterday, the shares fell 13.2%, which took the trading range below the 3-day low of $254.21 on volume of 269,000 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 Icu Medical and will alert subscribers who have ICUI in their portfolio or watchlist when shares have changed trend direction.

Icu Medical share prices have moved between a 52-week high of $321.70 and a 52-week low of $164.00 and are now trading 38% above that low price at $226.24 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.3%.

Keywords: rebounders icu medical

Ticker(s): ICUI