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Alkermes Plc Rising Today on Above-Average Volume (ALKS)

By Nick Russo

Alkermes Plc's stock is up 8.2% to $46.00 on heavy trading volume. Today's volume of 3.1 million shares tops the average 30-day volume of 1.4 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 $45.77, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 1.1%.

Keywords: unusual volume alkermes plc

Ticker(s): ALKS