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SmarTrend Watching for Potential Rebound in Shares of Synergy Pharmace After 3.09% Loss

By James Quinn

Synergy Pharmace (NASDAQ:SGYP) traded in a range yesterday that spanned from a low of $2.88 to a high of $3.25. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $2.91 on volume of 8.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Synergy Pharmacehas traded in a range of $2.88 to $7.15 and are now at $2.95. Over the past week, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has declined 1.6%.

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

Keywords: rebounders synergy pharmace

Ticker(s): SGYP