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Ligand Pharm Rising Today on Above-Average Volume (LGND)

By Nick Russo

Shares of Ligand Pharm are trading up 6.1% to $97.42 today on above average volume. About 435,000 shares have been traded today, as compared to the 30-day average volume of 429,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Ligand Pharm on May 10th, 2019 by issuing a Downtrend alert when the shares were trading at $116.57. Since that call, shares of Ligand Pharm have fallen 21.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Ligand Pharm have traded between a low of $84.45 and a high of $278.62 and are now at $97.42, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 1%.

Keywords: unusual volume ligand pharm

Ticker(s): LGND