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Abiomed Inc Set to Possibly Pullback After Yesterday's Rally of 2.10%

By Amy Schwartz

Abiomed Inc (NASDAQ:ABMD) traded in a range yesterday that spanned from a low of $408.16 to a high of $414.57. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $413.86 on volume of 561,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Abiomed Inc share prices have moved between a 52-week high of $450.93 and a 52-week low of $140.00 and are now trading 195% above that low price at $413.15 per share. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 1.6%.

Keywords: rebounders abiomed inc

Ticker(s): ABMD