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Possible Trend Reversal, Ionis Pharmaceut Down on Heavy Volume (IONS)

By Nick Russo

Ionis Pharmaceut's stock is down 11.2% to $73.95 on heavy trading volume. Approximately 1.2 million shares have changed hands today vs. average 30-day volume of 1.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Ionis Pharmaceut and will alert subscribers who have IONS in their portfolio or watchlist when shares have changed trend direction.

Ionis Pharmaceut share prices have moved between a 52-week high of $86.58 and a 52-week low of $39.07 and are now trading 91% above that low price at $74.46 per share. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.1%.

Keywords: unusual volume ionis pharmaceut

Ticker(s): IONS