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Neurocrine Biosc Set to Possibly Pullback After Yesterday's Rally of 19.46%

By Shiri Gupta

Neurocrine Biosc (NASDAQ:NBIX) traded in a range yesterday that spanned from a low of $103.28 to a high of $108.89. Yesterday, the shares gained 19.5%, which took the trading range above the 3-day high of $107.27 on volume of 185,000 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 tracking the current trend status for Neurocrine Biosc and will alert subscribers who have NBIX in their portfolio or watchlist when shares have changed trend direction.

Neurocrine Biosc share prices have moved between a 52-week high of $116.00 and a 52-week low of $64.72 and are now trading 68% above that low price at $108.61 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

Keywords: rebounders neurocrine biosc

Ticker(s): NBIX