• Return to Headlines

Look for Shares of Bluebird Bio Inc to Potentially Pullback after Yesterday's 1.83% Rise

By David Diaz

Bluebird Bio Inc (NASDAQ:BLUE) traded in a range yesterday that spanned from a low of $80.20 to a high of $85.33. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $84.35 on volume of 368,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Bluebird Bio Inc share prices have moved between a 52-week high of $163.43 and a 52-week low of $72.02 and are now trading 13% above that low price at $81.71 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.5%.

SmarTrend is tracking the current trend status for Bluebird Bio Inc and will alert subscribers who have BLUE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders bluebird bio inc

Ticker(s): BLUE