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Supernus Pharmac Falls 5.47% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Supernus Pharmac (NYSE:SUPN) traded in a range yesterday that spanned from a low of $40.21 to a high of $43.24. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $43.00 on volume of 788,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Supernus Pharmac on December 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.75. Since that recommendation, shares of Supernus Pharmac have risen 86.3%. We continue to monitor SUPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Supernus Pharmac have traded between a low of $17.25 and a high of $44.95 and are now at $41.72, which is 142% above that low price. The 200-day and 50-day moving averages have moved 0.46% lower and 1.41% higher over the past week, respectively.

Keywords: rebounders supernus pharmac

Ticker(s): SUPN