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After Yesterday's Rally of 3.69% Shares Could Potentially Pullback

By David Diaz

Amicus Therapeut (NASDAQ:FOLD) traded in a range yesterday that spanned from a low of $10.09 to a high of $10.77. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $10.38 on volume of 2.9 million 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, Amicus Therapeut share prices have been bracketed by a low of $4.41 and a high of $10.68 and are now at $10.62, 141% above that low price. The 200-day and 50-day moving averages have moved 1.86% lower and 0.13% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Amicus Therapeut on January 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.89. Since that recommendation, shares of Amicus Therapeut have risen 74.7%. We continue to monitor FOLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amicus therapeut

Ticker(s): FOLD