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Watch for Ophth0Tech Corp to Potentially Pullback After Gaining 1.79% Yesterday

By James Quinn

Ophth0Tech Corp (NASDAQ:OPHT) traded in a range yesterday that spanned from a low of $1.34 to a high of $1.36. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $1.35 on volume of 124,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Ophth0Tech Corp on June 28th, 2018 by issuing a Downtrend alert when the shares were trading at $2.60. Since that call, shares of Ophth0Tech Corp have fallen 49.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Ophth0Tech Corp has traded in a range of $1.02 to $4.50 and is now at $1.32, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 4.1%.

Keywords: rebounders ophth0tech corp

Ticker(s): OPHT