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After Yesterday's Rally of 1.61% Shares Could Potentially Pullback

By Nick Russo

Juno Therapeutic (NASDAQ:JUNO) traded in a range yesterday that spanned from a low of $29.52 to a high of $30.40. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $29.79 on volume of 578,000 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 Juno Therapeutic on February 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.22. Since that recommendation, shares of Juno Therapeutic have risen 27.9%. We continue to monitor JUNO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Juno Therapeutic have traded between a low of $17.52 and a high of $44.42 and are now at $29.96, which is 71% above that low price. The 200-day and 50-day moving averages have moved 0.52% lower and 1.08% higher over the past week, respectively.

Keywords: rebounders juno therapeutic

Ticker(s): JUNO