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SmarTrend Watching for Potential Rebound in Shares of Insulet Corp After 1.92% Loss

By Amy Schwartz

Insulet Corp (NASDAQ:PODD) traded in a range yesterday that spanned from a low of $85.96 to a high of $87.88. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $86.28 on volume of 249,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Insulet Corp has traded in a range of $48.82 to $102.89 and is now at $86.44, 77% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Insulet Corp on June 26th, 2018 by issuing a Downtrend alert when the shares were trading at $91.76. Since that call, shares of Insulet Corp have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders insulet corp

Ticker(s): PODD