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Watch for Ultragenyx Pharm to Potentially Rebound After Falling 4.89% Yesterday

By Amy Schwartz

Ultragenyx Pharm (NASDAQ:RARE) traded in a range yesterday that spanned from a low of $48.02 to a high of $50.46. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $48.93 on volume of 94,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Ultragenyx Pharm on September 28th, 2018 by issuing a Downtrend alert when the shares were trading at $77.57. Since that call, shares of Ultragenyx Pharm have fallen 34.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Ultragenyx Pharm have traded between a low of $41.67 and a high of $91.34 and are now at $50.49, which is 21% 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 3.5%.

Keywords: rebounders ultragenyx pharm

Ticker(s): RARE