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Watch for Clovis Oncology to Potentially Rebound After Falling 1.49% Yesterday

By Shiri Gupta

Clovis Oncology (NASDAQ:CLVS) traded in a range yesterday that spanned from a low of $17.76 to a high of $17.95. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $18.12 on volume of 412,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Clovis Oncology has traded in a range of $11.50 to $53.90 and is now at $17.89, 56% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.6% while the 200-day MA has slid 2%.

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

Keywords: rebounders clovis oncology

Ticker(s): CLVS