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After Yesterday's Rally of 1.58% Shares Could Potentially Pullback

By David Diaz

Nektar Therapeut (NASDAQ:NKTR) traded in a range yesterday that spanned from a low of $47.10 to a high of $48.75. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $48.13 on volume of 497,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Nektar Therapeut has traded in a range of $17.51 to $111.36 and is now at $48.10, 175% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 3.3%.

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

Keywords: rebounders nektar therapeut

Ticker(s): NKTR