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T2 Biosystems Set to Possibly Rebound After Yesterday's Selloff of 1.46%

By Shiri Gupta

T2 Biosystems (NASDAQ:TTOO) traded in a range yesterday that spanned from a low of $3.34 to a high of $3.41. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $3.37 on volume of 72,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for T2 Biosystems and will alert subscribers who have TTOO in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of T2 Biosystems have traded between a low of $2.94 and a high of $9.98 and are now at $3.42, which is 16% above that low price. The 200-day and 50-day moving averages have moved 1.42% lower and 2.03% lower over the past week, respectively.

Keywords: rebounders t2 biosystems

Ticker(s): TTOO