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Look for Shares of Exelixis to Potentially Pullback after Yesterday's 10.38% Rise

By Shiri Gupta

Exelixis (NASDAQ:EXEL) traded in a range yesterday that spanned from a low of $19.80 to a high of $21.37. Yesterday, the shares gained 10.4%, which took the trading range above the 3-day high of $20.04 on volume of 2.5 million 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 Exelixis and will alert subscribers who have EXEL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Exelixis share prices have been bracketed by a low of $2.45 and a high of $24.85 and are now at $21.19, 765% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Keywords: rebounders exelixis

Ticker(s): EXEL