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Watch for Dexcom to Potentially Rebound After Falling 1.00% Yesterday

By James Quinn

Dexcom (NASDAQ:DXCM) traded in a range yesterday that spanned from a low of $171.56 to a high of $176.68. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $172.85 on volume of 604,000 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 Dexcom on August 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $152.30. Since that recommendation, shares of Dexcom have risen 15.0%. We continue to monitor DXCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Dexcom has traded in a range of $85.76 to $178.35 and is now at $172.04, 101% above that low. The 200-day and 50-day moving averages have moved 0.36% higher and 0.97% higher over the past week, respectively.

Keywords: rebounders dexcom

Ticker(s): DXCM