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Watch for Stemline Therape to Potentially Rebound After Falling 3.27% Yesterday

By Shiri Gupta

Stemline Therape (NASDAQ:STML) traded in a range yesterday that spanned from a low of $9.82 to a high of $10.20. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $10.08 on volume of 99,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Stemline Therape have traded between a low of $7.82 and a high of $17.90 and are now at $9.90, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders stemline therape

Ticker(s): STML