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Acorda Therapeut Set to Possibly Pullback After Yesterday's Rally of 17.08%

By Shiri Gupta

Acorda Therapeut (NASDAQ:ACOR) traded in a range yesterday that spanned from a low of $1.85 to a high of $2.12. Yesterday, the shares gained 17.1%, which took the trading range above the 3-day high of $1.76 on volume of 905,000 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, Acorda Therapeut share prices have been bracketed by a low of $1.49 and a high of $20.95 and are now at $1.89, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.7% while the 50-day MA has declined 4.6%.

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.

Keywords: rebounders acorda therapeut

Ticker(s): ACOR