• Return to Headlines

After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By James Quinn

Biomarin Pharmac (NASDAQ:BMRN) traded in a range yesterday that spanned from a low of $64.75 to a high of $66.63. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $66.42 on volume of 314,000 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 Biomarin Pharmac have traded between a low of $62.88 and a high of $106.74 and are now at $66.03, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.2%.

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

Keywords: rebounders biomarin pharmac

Ticker(s): BMRN