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After Yesterday's Rally of 30.65% Shares Could Potentially Pullback

By Amy Schwartz

Nektar Therapeutics (NASDAQ:NKTR) traded in a range yesterday that spanned from a low of $18.51 to a high of $20.91. Yesterday, the shares gained 30.6%, which took the trading range above the 3-day high of $15.84 on volume of 7.4 million 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 Nektar Therapeutics on March 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.06. Since that recommendation, shares of Nektar Therapeutics have risen 10.3%. We continue to monitor NKTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Nektar Therapeutics share prices have been bracketed by a low of $9.16 and a high of $20.91 and are now at $19.95, 118% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.1%.

Keywords: rebounders nektar therapeutics

Ticker(s): NKTR