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SmarTrend Watching for Potential Rebound in Shares of Exelixis Inc After 2.46% Loss

Feb 09, 2018 (SmarTrend(R) News Watch via COMTEX) --

Exelixis Inc (NASDAQ:EXEL) traded in a range yesterday that spanned from a low of $26.52 to a high of $28.14. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $27.30 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Exelixis Inc and will alert subscribers who have EXEL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Exelixis Inc share prices have been bracketed by a low of $7.20 and a high of $32.50 and are now at $26.88, 273% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Write to Chip Brian at cbrian@mysmartrend.com

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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

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