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Zogenix Inc Falls 2.38% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Zogenix Inc (NASDAQ:ZGNX) traded in a range yesterday that spanned from a low of $45.78 to a high of $46.95. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $45.78 on volume of 108,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Zogenix Inc have traded between a low of $7.50 and a high of $51.85 and are now at $46.35, which is 518% 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 advanced 0.7%.

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

Keywords: rebounders zogenix inc

Ticker(s): ZGNX