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Bluebird Bio Inc Rises 1.60% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Bluebird Bio Inc (NASDAQ:BLUE) traded in a range yesterday that spanned from a low of $183.60 to a high of $188.90. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $184.85 on volume of 255,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Bluebird Bio Inc share prices have moved between a 52-week high of $236.17 and a 52-week low of $85.65 and are now trading 119% above that low price at $188.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.8%.

SmarTrend recommended that subscribers consider buying shares of Bluebird Bio Inc on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $176.30. Since that recommendation, shares of Bluebird Bio Inc have risen 4.8%. We continue to monitor BLUE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders bluebird bio inc

Ticker(s): BLUE