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Regeneron Pharm Set to Possibly Pullback After Yesterday's Rally of 2.55%

By Shiri Gupta

Regeneron Pharm (NASDAQ:REGN) traded in a range yesterday that spanned from a low of $298.90 to a high of $305.98. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $299.95 on volume of 356,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Regeneron Pharm has traded in a range of $272.02 to $445.00 and is now at $305.97, 12% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.5%.

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

Keywords: rebounders regeneron pharm

Ticker(s): REGN