• Return to Headlines

After Yesterday's Rally of 1.91% Shares Could Potentially Pullback

By Amy Schwartz

Acadia Pharmaceu (NASDAQ:ACAD) traded in a range yesterday that spanned from a low of $28.46 to a high of $29.40. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $29.36 on volume of 673,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Acadia Pharmaceu share prices have moved between a 52-week high of $40.83 and a 52-week low of $20.68 and are now trading 42% above that low price at $29.31 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has slid 1.2%.

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

Keywords: rebounders acadia pharmaceu

Ticker(s): ACAD