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Watch for Puma Biotechnolo to Potentially Rebound After Falling 5.45% Yesterday

By Amy Schwartz

Puma Biotechnolo (NASDAQ:PBYI) traded in a range yesterday that spanned from a low of $45.58 to a high of $54.20. Yesterday, the shares fell 5.4%, which took the trading range below the 3-day low of $46.55 on volume of 2.8 million 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 Puma Biotechnolo. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Puma Biotechnolo in search of a potential trend change.

In the past 52 weeks, Puma Biotechnolo share prices have been bracketed by a current low of $45.58 and a high of $136.90 and are now at $46.70. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 2%.

Keywords: rebounders puma biotechnolo

Ticker(s): PBYI