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Aimmune Therapeu Rises 5.54% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Aimmune Therapeu (NASDAQ:AIMT) traded in a range yesterday that spanned from a low of $29.07 to a high of $30.70. Yesterday, the shares gained 5.5%, which took the trading range above the 3-day high of $29.48 on volume of 1.2 million 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, Aimmune Therapeu has traded in a range of $22.85 to $42.00 and is now at $30.62, 34% above that low. The 200-day and 50-day moving averages have moved 0.36% lower and 0.14% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Aimmune Therapeu on February 21st, 2018 by issuing a Downtrend alert when the shares were trading at $33.22. Since that call, shares of Aimmune Therapeu have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders aimmune therapeu

Ticker(s): AIMT