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Watch for Neogenomics Inc to Potentially Rebound After Falling 3.75% Yesterday

By David Diaz

Neogenomics Inc (NASDAQ:NEO) traded in a range yesterday that spanned from a low of $11.87 to a high of $12.65. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $13.00 on volume of 4.0 million 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 Neogenomics Inc have traded between a low of $7.08 and a high of $15.00 and are now at $12.62, which is 78% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Neogenomics Inc on February 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.26. Since that recommendation, shares of Neogenomics Inc have risen 58.3%. We continue to monitor NEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders neogenomics inc

Ticker(s): NEO