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Aerie Pharmaceut Rises 3.74% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Aerie Pharmaceut (NASDAQ:AERI) traded in a range yesterday that spanned from a low of $19.00 to a high of $19.82. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $19.45 on volume of 183,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Aerie Pharmaceut share prices have moved between a 52-week high of $50.10 and a 52-week low of $17.15 and are now trading 14% above that low price at $19.58 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.1%.

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

Keywords: rebounders aerie pharmaceut

Ticker(s): AERI