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After Yesterday's Rally of 1.39% Shares Could Potentially Pullback

By Amy Schwartz

Flexion Therapeu (NASDAQ:FLXN) traded in a range yesterday that spanned from a low of $18.00 to a high of $18.38. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $18.28 on volume of 164,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Flexion Therapeu on October 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.96. Since that recommendation, shares of Flexion Therapeu have risen 17.6%. We continue to monitor FLXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Flexion Therapeu have traded between a low of $8.76 and a high of $18.38 and are now at $18.19, which is 108% above that low price. The 200-day and 50-day moving averages have moved 0.45% higher and 1.26% higher over the past week, respectively.

Keywords: rebounders flexion therapeu

Ticker(s): FLXN