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After Yesterday's Rally of 6.05% Shares Could Potentially Pullback

By Amy Schwartz

Esperion Therape (NASDAQ:ESPR) traded in a range yesterday that spanned from a low of $49.78 to a high of $52.58. Yesterday, the shares gained 6.0%, which took the trading range above the 3-day high of $50.55 on volume of 495,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Esperion Therape has traded in a range of $9.40 to $57.38 and is now at $51.97, 453% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 5.3% while the 50-day MA has declined 0.6%.

SmarTrend recommended that subscribers consider buying shares of Esperion Therape on June 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.29. Since that recommendation, shares of Esperion Therape have risen 29.1%. We continue to monitor ESPR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders esperion therape

Ticker(s): ESPR