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Acorda Therapeut Rises 6.22% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Acorda Therapeut (NASDAQ:ACOR) traded in a range yesterday that spanned from a low of $2.01 to a high of $2.18. Yesterday, the shares gained 6.2%, which took the trading range above the 3-day high of $2.06 on volume of 1.5 million 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 Acorda Therapeut and will alert subscribers who have ACOR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Acorda Therapeut have traded between a low of $1.49 and a high of $16.04 and are now at $2.13, which is 43% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.9% while the 50-day MA has advanced 0.8%.

Keywords: rebounders acorda therapeut

Ticker(s): ACOR