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Watch for Therapeuticsmd to Potentially Rebound After Falling 9.41% Yesterday

By David Diaz

Therapeuticsmd (NYSE:TXMD) traded in a range yesterday that spanned from a low of $4.69 to a high of $5.16. Yesterday, the shares fell 9.4%, which took the trading range below the 3-day low of $4.94 on volume of 4.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Therapeuticsmd share prices have moved between a 52-week high of $8.88 and a 52-week low of $3.50 and are now trading 45% above that low price at $5.06 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.4%.

SmarTrend recommended that subscribers consider buying shares of Therapeuticsmd on June 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.32. Since that recommendation, shares of Therapeuticsmd have risen 5.8%. We continue to monitor TXMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders therapeuticsmd

Ticker(s): TXMD