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Look for Shares of Aerie Pharmaceut to Potentially Pullback after Yesterday's 3.67% Rise

By Nick Russo

Aerie Pharmaceut (NASDAQ:AERI) traded in a range yesterday that spanned from a low of $71.95 to a high of $74.55. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $71.65 on volume of 303,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Aerie Pharmaceut share prices have moved between a 52-week high of $74.55 and a 52-week low of $47.05 and are now trading 57% above that low price at $73.90 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 2.2%.

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

Keywords: rebounders aerie pharmaceut

Ticker(s): AERI