BLUE closes lower for the 2nd day in a row
bluebird bio Inc. (BLUE) Technical Analysis Report for Mar 26, 2020 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, BLUE ended Thursday at 46.57 losing $0.75 (-1.58%), notably underperforming the S&P 500 (6.24%).
Daily Candlestick Chart (BLUE as at Mar 26, 2020):
Thursday's trading range has been $5.73 (13.03%), that's slightly above the last trading month's daily average range of $5.67. Things look different on the weekly timeframe, where the market's trading range of the last week has been way below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for BLUE.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.