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SmarTrend Watching for Potential Rebound in Shares of Mirati Therapeut After 2.56% Loss

By James Quinn

Mirati Therapeut (NASDAQ:MRTX) traded in a range yesterday that spanned from a low of $91.40 to a high of $94.53. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $92.71 on volume of 82,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Mirati Therapeut has traded in a range of $35.73 to $129.57 and is now at $92.18, 158% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Mirati Therapeut. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mirati Therapeut in search of a potential trend change.

Keywords: rebounders mirati therapeut

Ticker(s): MRTX