• Return to Headlines

Amicus Therapeut Set to Possibly Pullback After Yesterday's Rally of 13.60%

By James Quinn

Amicus Therapeut (NASDAQ:FOLD) traded in a range yesterday that spanned from a low of $8.85 to a high of $9.07. Yesterday, the shares gained 13.6%, which took the trading range above the 3-day high of $9.00 on volume of 482,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Amicus Therapeut share prices have moved between a 52-week high of $14.62 and a 52-week low of $7.11 and are now trading 27% above that low price at $9.02 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.5%.

Keywords: rebounders amicus therapeut

Ticker(s): FOLD