• Return to Headlines

Dermira Set to Possibly Pullback After Yesterday's Rally of 1.49%

By Amy Schwartz

Dermira (NASDAQ:DERM) traded in a range yesterday that spanned from a low of $8.12 to a high of $8.46. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $8.24 on volume of 137,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Dermira have traded between a low of $7.81 and a high of $38.75 and are now at $8.16, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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

Keywords: rebounders dermira

Ticker(s): DERM