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Look for Shares of Ironwood Pharmac to Potentially Pullback after Yesterday's 4.09% Rise

By Shiri Gupta

Ironwood Pharmac (NASDAQ:IRWD) traded in a range yesterday that spanned from a low of $12.10 to a high of $12.42. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $12.21 on volume of 118,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Ironwood Pharmac have traded between a low of $7.91 and a high of $15.21 and are now at $12.36, which is 56% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

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

Keywords: rebounders ironwood pharmac

Ticker(s): IRWD