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Ariad Pharmaceuticals Falling Today on Above-Average Volume (ARIA)

By David Diaz

Ariad Pharmaceuticals's stock is down 2.7% to $8.74 on heavy trading volume. About 3.5 million shares have been traded today, as compared to the 30-day average volume of 3.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Ariad Pharmaceuticals on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.66. Since that recommendation, shares of Ariad Pharmaceuticals have risen 58.7%. We continue to monitor ARIA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Ariad Pharmaceuticals have traded between a low of $4.37 and a high of $10.07 and are now at $8.72, which is 100% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has slid 0.5%.

Keywords: unusual volume ariad pharmaceuticals

Ticker(s): ARIA