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Shares of SRNE Down 9.4% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Sorrento Therape (NASDAQ:SRNE) on March 23rd, 2018 at $7.18. In approximately 3 weeks, Sorrento Therape has returned 9.41% as of today's recent price of $6.50.

Sorrento Therape share prices have moved between a 52-week high of $10.65 and a 52-week low of $1.50 and are now trading 333% above that low price at $6.50 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 3.5%.

Sorrento Therapeutics, Inc. is a biopharmaceutical company. The Company researches human therapeutic antibodies for the treatment of cancer, inflammation, metabolic disease, and infectious disease.

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

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

Keywords: spotlights sorrento therape

Ticker(s): SRNE