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Nektar Therapeut Trading Lower on Heavy Volume, Inline With Overall Trend (NKTR)

By James Quinn

Nektar Therapeut's stock is down 10.5% to $76.80 on heavy trading volume. About 2.1 million shares have been traded today, as compared to the 30-day average volume of 1.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Nektar Therapeut on April 6th, 2018 by issuing a Downtrend alert when the shares were trading at $92.40. Since that call, shares of Nektar Therapeut have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Nektar Therapeut has traded in a range of $11.41 to $111.36 and is now at $76.67, 572% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.1%.

Keywords: unusual volume nektar therapeut

Ticker(s): NKTR