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SmarTrend Watching for Potential Rebound in Shares of Ziopharm Oncolog After 1.76% Loss

By Nick Russo

Ziopharm Oncolog (NASDAQ:ZIOP) traded in a range yesterday that spanned from a low of $4.90 to a high of $5.03. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $4.98 on volume of 274,000 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 Ziopharm Oncolog. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ziopharm Oncolog in search of a potential trend change.

In the past 52 weeks, Ziopharm Oncolog share prices have been bracketed by a low of $4.47 and a high of $7.88 and are now at $5.02, 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.7%.

Keywords: rebounders ziopharm oncolog

Ticker(s): ZIOP