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Eagle Pharmaceut Set to Possibly Pullback After Yesterday's Rally of 10.27%

By Nick Russo

Eagle Pharmaceut (NASDAQ:EGRX) traded in a range yesterday that spanned from a low of $50.00 to a high of $55.38. Yesterday, the shares gained 10.3%, which took the trading range above the 3-day high of $51.47 on volume of 257,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Eagle Pharmaceut on July 14th, 2017 by issuing a Downtrend alert when the shares were trading at $75.47. Since that call, shares of Eagle Pharmaceut have fallen 33.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Eagle Pharmaceut share prices have moved between a 52-week high of $97.15 and a 52-week low of $34.20 and are now trading 60% above that low price at $54.72 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 3.8%.

Keywords: rebounders eagle pharmaceut

Ticker(s): EGRX