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After Yesterday's Rally of 3.23% Shares Could Potentially Pullback

By James Quinn

Amicus Therapeut (NASDAQ:FOLD) traded in a range yesterday that spanned from a low of $10.65 to a high of $10.84. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $10.69 on volume of 393,000 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 Amicus Therapeut have traded between a low of $7.11 and a high of $14.62 and are now at $10.70, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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

Keywords: rebounders amicus therapeut

Ticker(s): FOLD