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Watch for Clovis Oncology to Potentially Rebound After Falling 7.72% Yesterday

By Shiri Gupta

Clovis Oncology (NASDAQ:CLVS) traded in a range yesterday that spanned from a low of $54.25 to a high of $59.32. Yesterday, the shares fell 7.7%, which took the trading range below the 3-day low of $59.77 on volume of 1.2 million 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 Clovis Oncology. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Clovis Oncology in search of a potential trend change.

In the past 52 weeks, shares of Clovis Oncology have traded between a low of $11.57 and a high of $99.45 and are now at $55.59, which is 380% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.8% while the 50-day MA has declined 2%.

Keywords: rebounders clovis oncology

Ticker(s): CLVS