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Look for Shares of Sangamo Therapeu to Potentially Pullback after Yesterday's 7.63% Rise

By Nick Russo

Sangamo Therapeu (NASDAQ:SGMO) traded in a range yesterday that spanned from a low of $9.50 to a high of $10.43. Yesterday, the shares gained 7.6%, which took the trading range above the 3-day high of $9.70 on volume of 1.3 million 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, Sangamo Therapeu share prices have been bracketed by a low of $2.65 and a high of $10.50 and are now at $10.25, 287% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 1.1%.

SmarTrend recommended that subscribers consider buying shares of Sangamo Therapeu on May 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.65. Since that recommendation, shares of Sangamo Therapeu have risen 42.9%. We continue to monitor SGMO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders sangamo therapeu

Ticker(s): SGMO