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Alkermes Plc Rises 5.31% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Alkermes Plc (NASDAQ:ALKS) traded in a range yesterday that spanned from a low of $43.90 to a high of $48.00. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $44.23 on volume of 4.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Alkermes Plc on February 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $57.72. Since that call, shares of Alkermes Plc have fallen 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Alkermes Plc have traded between a low of $39.65 and a high of $71.22 and are now at $44.37, which is 12% above that low price. The 200-day and 50-day moving averages have moved 1.08% lower and 1.10% higher over the past week, respectively.

Keywords: rebounders alkermes plc

Ticker(s): ALKS