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SmarTrend Watching for Potential Rebound in Shares of Staar Surgical After 1.17% Loss

By David Diaz

Staar Surgical (NASDAQ:STAA) traded in a range yesterday that spanned from a low of $25.62 to a high of $26.71. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $25.81 on volume of 156,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Staar Surgical has traded in a range of $21.70 to $54.00 and is now at $26.29, 21% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.7%.

Keywords: rebounders staar surgical

Ticker(s): STAA