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Achillion Pharma Rises 3.38% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Achillion Pharma (NASDAQ:ACHN) traded in a range yesterday that spanned from a low of $3.80 to a high of $3.98. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $3.88 on volume of 158,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Achillion Pharma have traded between a low of $1.29 and a high of $5.03 and are now at $3.98, which is 209% above that low price. The 200-day and 50-day moving averages have moved 0.81% higher and 1.14% higher over the past week, respectively.

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

Keywords: rebounders achillion pharma

Ticker(s): ACHN