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Downtrend Call Working As Xbiotech Inc Stock Falls 0.4% (XBIT)

By Amy Schwartz

SmarTrend identified a Downtrend for Xbiotech Inc (NASDAQ:XBIT) on May 31st, 2019 at $7.38. In approximately 2 months, Xbiotech Inc has returned 0.41% as of today's recent price of $7.35.

Over the past year, Xbiotech Inc has traded in a range of $2.13 to $11.74 and is now at $7.35, 245% above that low. The 200-day and 50-day moving averages have moved 0.74% higher and 0.97% lower over the past week, respectively.

XBiotech Inc. is a clinical-stage biopharmaceutical company. The Company discovers and develops monoclonal antibodies for treating a variety of diseases, such as cancer, vascular disease, inflammatory skin disease, and diabetes.

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

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

Keywords: spotlights xbiotech inc

Ticker(s): XBIT