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SmarTrend Watching for Potential Rebound in Shares of Ultragenyx Pharm After 2.28% Loss

By Shiri Gupta

Ultragenyx Pharm (NASDAQ:RARE) traded in a range yesterday that spanned from a low of $63.38 to a high of $67.91. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $65.77 on volume of 365,000 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 Ultragenyx Pharm. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ultragenyx Pharm in search of a potential trend change.

Ultragenyx Pharm share prices have moved between a 52-week high of $91.34 and a 52-week low of $41.67 and are now trading 55% above that low price at $64.65 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.8%.

Keywords: rebounders ultragenyx pharm

Ticker(s): RARE