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Look for Shares of Atara Biotherape to Potentially Pullback after Yesterday's 4.27% Rise

By Shiri Gupta

Atara Biotherape (NASDAQ:ATRA) traded in a range yesterday that spanned from a low of $13.84 to a high of $14.48. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $14.25 on volume of 173,000 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, Atara Biotherape has traded in a range of $10.38 to $43.94 and is now at $14.15, 36% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 0.8%.

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

Keywords: rebounders atara biotherape

Ticker(s): ATRA