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Shares of Ironwood Pharmac Fall to a New 52-Week Low

By Shiri Gupta

Shares of Ironwood Pharmac (NASDAQ:IRWD) traded at a new 52-week low today of $8.97. Approximately 140,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Ironwood Pharmac (NASDAQ:IRWD) has potential upside of 115.9% based on a current price of $8.97 and analysts' consensus price target of $19.36. Ironwood Pharmac shares should first meet resistance at the 50-day moving average (MA) of $10.52 and find additional resistance at the 200-day MA of $11.93.

Ironwood Pharmaceuticals, Inc. is a pharmaceutical company. The Company discovers, develops, manufactures, and commercializes marketed drugs. Ironwood products used in treatments of cholesterol, gastrointestinal and cardiovascular diseases, pain, inflammation, and others.

In the past 52 weeks, shares of Ironwood Pharmac have traded between the current low of $8.97 and a high of $19.64 and are now at $8.97. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ironwood Pharmac on March 28th, 2019 by issuing a Downtrend alert when the shares were trading at $12.77. Since that call, shares of Ironwood Pharmac have fallen 28.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ironwood pharmac

Ticker(s): IRWD