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La Jolla Pharm Set to Possibly Pullback After Yesterday's Rally of 11.64%

By David Diaz

La Jolla Pharm (NASDAQ:LJPC) traded in a range yesterday that spanned from a low of $2.80 to a high of $3.09. Yesterday, the shares gained 11.6%, which took the trading range above the 3-day high of $2.95 on volume of 951,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

La Jolla Pharm share prices have moved between a 52-week high of $15.73 and a 52-week low of $2.41 and are now trading 27% above that low price at $3.07 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.4% while the 200-day MA has slid 0.6%.

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

Keywords: rebounders la jolla pharm

Ticker(s): LJPC