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Shares of Bellicum Pharmac Down on Above Average Volume, Moving Against Trend (BLCM)

By Nick Russo

Bellicum Pharmac's stock is down 11.0% to $7.98 on heavy trading volume. About 1.2 million shares have been traded today, as compared to the 30-day average volume of 312,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Bellicum Pharmac on February 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.25. Since that recommendation, shares of Bellicum Pharmac have risen 23.8%. We continue to monitor BLCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Bellicum Pharmac share prices have been bracketed by a low of $5.02 and a high of $23.11 and are now at $8.97, 79% above that low price. The 200-day and 50-day moving averages have moved 1.33% lower and 0.45% lower over the past week, respectively.

Keywords: unusual volume bellicum pharmac

Ticker(s): BLCM