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Watch for Cambrex Corp to Potentially Rebound After Falling 11.42% Yesterday

By David Diaz

Cambrex Corp (NYSE:CBM) traded in a range yesterday that spanned from a low of $46.08 to a high of $52.00. Yesterday, the shares fell 11.4%, which took the trading range below the 3-day low of $54.00 on volume of 482,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cambrex Corp have traded between a low of $42.55 and a high of $69.42 and are now at $49.94, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.88% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cambrex Corp on October 10th, 2018 by issuing a Downtrend alert when the shares were trading at $62.41. Since that call, shares of Cambrex Corp have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders cambrex corp

Ticker(s): CBM