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Myriad Genetics Rises 3.52% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Myriad Genetics (NASDAQ:MYGN) traded in a range yesterday that spanned from a low of $24.55 to a high of $25.34. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $25.12 on volume of 303,000 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, Myriad Genetics share prices have been bracketed by a low of $23.08 and a high of $50.44 and are now at $25.16, 9% above that low price. The 200-day and 50-day moving averages have moved 0.99% lower and 1.95% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Myriad Genetics on May 8th, 2019 by issuing a Downtrend alert when the shares were trading at $28.66. Since that call, shares of Myriad Genetics have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders myriad genetics

Ticker(s): MYGN