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Aimmune Therapeu Set to Possibly Pullback After Yesterday's Rally of 11.70%

By James Quinn

Aimmune Therapeu (NASDAQ:AIMT) traded in a range yesterday that spanned from a low of $23.95 to a high of $25.21. Yesterday, the shares gained 11.7%, which took the trading range above the 3-day high of $22.06 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.

Aimmune Therapeu share prices have moved between a 52-week high of $36.12 and a 52-week low of $16.95 and are now trading 46% above that low price at $24.68 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.2%.

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

Keywords: rebounders aimmune therapeu

Ticker(s): AIMT