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Downtrend Call Working As Sangamo Therapeu Stock Falls 28.3% (SGMO)

By Nick Russo

SmarTrend identified a Downtrend for Sangamo Therapeu (NASDAQ:SGMO) on March 23rd, 2018 at $22.45. In approximately 2 months, Sangamo Therapeu has returned 28.29% as of today's recent price of $16.10.

Over the past year, Sangamo Therapeu has traded in a range of $2.65 to $27.50 and is now at $16.10, 508% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.8%.

Sangamo Therapeutics, Inc. operates as a biotechnology company. The Company focuses on research and development of genomic therapies, as well as develops medicines for patient with genetic diseases. Sangamo Therapeutics serves customers in the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sangamo Therapeu.

Log in and add Sangamo Therapeu (SGMO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights sangamo therapeu

Ticker(s): SGMO