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Diplomat Pharmac Set to Possibly Pullback After Yesterday's Rally of 7.24%

By Nick Russo

Diplomat Pharmac (NYSE:DPLO) traded in a range yesterday that spanned from a low of $15.63 to a high of $16.35. Yesterday, the shares gained 7.2%, which took the trading range above the 3-day high of $16.00 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.

In the past 52 weeks, Diplomat Pharmac share prices have been bracketed by a low of $13.31 and a high of $28.74 and are now at $16.00, 20% above that low price. The 200-day and 50-day moving averages have moved 0.59% lower and 1.38% lower over the past week, respectively.

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

Keywords: rebounders diplomat pharmac

Ticker(s): DPLO