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Watch for Heron Therapeuti to Potentially Rebound After Falling 1.62% Yesterday

By Shiri Gupta

Heron Therapeuti (NASDAQ:HRTX) traded in a range yesterday that spanned from a low of $21.46 to a high of $21.99. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $21.72 on volume of 151,000 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 Heron Therapeuti have traded between a low of $15.68 and a high of $28.70 and are now at $21.58, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

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

Keywords: rebounders heron therapeuti

Ticker(s): HRTX