• Return to Headlines

Mirati Therapeut Set to Possibly Pullback After Yesterday's Rally of 17.38%

By Amy Schwartz

Mirati Therapeut (NASDAQ:MRTX) traded in a range yesterday that spanned from a low of $72.95 to a high of $75.85. Yesterday, the shares gained 17.4%, which took the trading range above the 3-day high of $68.00 on volume of 1.8 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 monitoring the recent change of momentum in Mirati Therapeut. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mirati Therapeut in search of a potential trend change.

In the past 52 weeks, shares of Mirati Therapeut have traded between a low of $24.65 and a high of $80.00 and are now at $75.85, which is 208% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.67% lower over the past week, respectively.

Keywords: rebounders mirati therapeut

Ticker(s): MRTX