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Look for Shares of Arrowhead Pharma to Potentially Pullback after Yesterday's 23.88% Rise

By James Quinn

Arrowhead Pharma (NASDAQ:ARWR) traded in a range yesterday that spanned from a low of $39.32 to a high of $41.10. Yesterday, the shares gained 23.9%, which took the trading range above the 3-day high of $40.28 on volume of 356,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Arrowhead Pharma share prices have moved between a 52-week high of $42.29 and a 52-week low of $10.41 and are now trading 292% above that low price at $40.85 per share. Over the past week, the 200-day moving average (MA) has gone up 2.0% while the 50-day MA has advanced 1.7%.

Keywords: rebounders arrowhead pharma

Ticker(s): ARWR