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Watch for Global Blood The to Potentially Rebound After Falling 1.11% Yesterday

By Amy Schwartz

Global Blood The (NASDAQ:GBT) traded in a range yesterday that spanned from a low of $53.25 to a high of $55.02. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $53.80 on volume of 773,000 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 Global Blood The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Global Blood The in search of a potential trend change.

Over the past year, Global Blood The has traded in a range of $13.35 to $68.05 and is now at $53.55, 301% above that low. The 200-day and 50-day moving averages have moved 0.83% lower and 1.95% higher over the past week, respectively.

Keywords: rebounders global blood the

Ticker(s): GBT