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Amag Pharmaceuti Rises 1.25% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Amag Pharmaceuti (NASDAQ:AMAG) traded in a range yesterday that spanned from a low of $21.80 to a high of $22.40. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $22.05 on volume of 328,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Amag Pharmaceuti share prices have moved between a 52-week high of $25.63 and a 52-week low of $11.93 and are now trading 87% above that low price at $22.30 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

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

Keywords: rebounders amag pharmaceuti

Ticker(s): AMAG