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Watch for Horizon Pharma P to Potentially Rebound After Falling 1.10% Yesterday

By Amy Schwartz

Horizon Pharma P (NASDAQ:HZNP) traded in a range yesterday that spanned from a low of $32.29 to a high of $32.89. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $32.37 on volume of 130,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Horizon Pharma P has traded in a range of $17.94 to $32.94 and is now at $32.42, 81% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Horizon Pharma P and will alert subscribers who have HZNP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders horizon pharma p

Ticker(s): HZNP