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Watch for Regeneron Pharmaceuticals to Potentially Rebound After Falling 2.05% Yesterday
Jan 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Regeneron Pharmaceuticals (NASDAQ:REGN) traded in a range yesterday that spanned from a low of $170.47 to a high of $176.34. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $170.80 on volume of 701,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Over the past year, Regeneron Pharmaceuticals has traded in a range of $42.83 to $188.95 and is now at $170.90, 299% above that low. The 200-day and 50-day moving averages have moved 0.72% higher and 1.60% higher over the past week, respectively.
SmarTrend is tracking the current trend status for Regeneron Pharmaceuticals and will alert subscribers who have REGN in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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