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After Yesterday's Rally of 5.64% Shares Could Potentially Pullback

By David Diaz

Jazz Pharmaceuticals (NASDAQ:JAZZ) traded in a range yesterday that spanned from a low of $139.30 to a high of $144.92. Yesterday, the shares gained 5.6%, which took the trading range above the 3-day high of $139.96 on volume of 1.0 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, shares of Jazz Pharmaceuticals have traded between a low of $95.80 and a high of $194.73 and are now at $142.10, which is 48% above that low price. The 200-day and 50-day moving averages have moved 0.47% lower and 1.61% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Jazz Pharmaceuticals on December 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.62. Since that recommendation, shares of Jazz Pharmaceuticals have risen 24.1%. We continue to monitor JAZZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders jazz pharmaceuticals

Ticker(s): JAZZ