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Seattle Genetics Rises 1.30% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Seattle Genetics (NASDAQ:SGEN) traded in a range yesterday that spanned from a low of $65.54 to a high of $66.92. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $66.51 on volume of 180,000 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 Seattle Genetics and will alert subscribers who have SGEN in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Seattle Genetics has traded in a range of $50.71 to $84.37 and is now at $66.53, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.2%.

Keywords: rebounders seattle genetics

Ticker(s): SGEN