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SmarTrend Watching for Potential Rebound in Shares of Sangamo Therapeu After 3.43% Loss

By Nick Russo

Sangamo Therapeu (NASDAQ:SGMO) traded in a range yesterday that spanned from a low of $14.75 to a high of $15.55. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $14.95 on volume of 725,000 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 Sangamo Therapeu and will alert subscribers who have SGMO in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Sangamo Therapeu have traded between a low of $8.00 and a high of $27.50 and are now at $14.80, which is 85% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%.

Keywords: rebounders sangamo therapeu

Ticker(s): SGMO