Gen-Probe Falls 3.21% on Heavy Volume: Watch For Potential Rebound
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[February 14, 2012]

Gen-Probe Falls 3.21% on Heavy Volume: Watch For Potential Rebound

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Gen-Probe (NASDAQ:GPRO) traded in a range yesterday that spanned from a low of $63.43 to a high of $70.42. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $67.27 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


In the past 52 weeks, shares of Gen-Probe have traded between a low of $53.92 and a high of $86.96 and are now at $69.78, which is 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Gen-Probe on January 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.68. Since that recommendation, shares of Gen-Probe have risen 11.4%. We continue to monitor GPRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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