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Look for Shares of Nantkwest Inc to Potentially Pullback after Yesterday's 26.01% Rise

By James Quinn

Nantkwest Inc (NASDAQ:NK) traded in a range yesterday that spanned from a low of $3.36 to a high of $4.10. Yesterday, the shares gained 26.0%, which took the trading range above the 3-day high of $2.75 on volume of 10.6 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 recommended that its subscribers protect gains by selling shares of Nantkwest Inc on October 17th, 2018 by issuing a Downtrend alert when the shares were trading at $3.07. Since that call, shares of Nantkwest Inc have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Nantkwest Inc share prices have been bracketed by a low of $2.16 and a high of $5.47 and are now at $3.62, 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.8%.

Keywords: rebounders nantkwest inc

Ticker(s): NK