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Look for Shares of Aimmune Therapeu to Potentially Pullback after Yesterday's 15.06% Rise

By Amy Schwartz

Aimmune Therapeu (NASDAQ:AIMT) traded in a range yesterday that spanned from a low of $27.80 to a high of $28.67. Yesterday, the shares gained 15.1%, which took the trading range above the 3-day high of $28.46 on volume of 289,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Aimmune Therapeu has traded in a range of $16.95 to $36.12 and is now at $27.86, 64% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.1%.

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

Keywords: rebounders aimmune therapeu

Ticker(s): AIMT