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Akebia Therapeut Rises 1.47% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Akebia Therapeut (NASDAQ:AKBA) traded in a range yesterday that spanned from a low of $8.46 to a high of $8.87. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $8.75 on volume of 177,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Akebia Therapeut share prices have moved between a 52-week high of $16.43 and a 52-week low of $6.68 and are now trading 30% above that low price at $8.65 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

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

Keywords: rebounders akebia therapeut

Ticker(s): AKBA